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Johann Höchtl

Hacker News | Facebook is not worth $33 billion - 0 views

  • The whole section "Minority investment evaluations aren’t real" is so economically bizarre and incorrect that I don't even know where to start. It's like you wrote a blog post arguing that it is incorrect to refer to a 5' tall boy as 5' tall because he's often sitting down. Every single day every single public company in the world is valued by the last share traded, usually for a tiny fraction of the company.Finally, to the main point. Facebook has certainly figured out how to make money off of 500,000,000 users. And as they optimize, they will make a lot more money. When they figure out how to make another DIME off of every user, they will instantly be making another $50,000,000 a year... in pure profit. How much profit will 37signals make if you figure out how to make another dime off of every customer? Eh David? Facebook works on the theory that when you have a lot of people, you don't have to make as much per person, because the amount of money you make is the number of customers times the amount of money you make off of each one. Again, that pesky multiplication.
  • The bond and equity markets are based on sound regulation, transparency, and quarterly statements. Facebook has none of those things when it operates in the dark of the secondary markets.
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    Lenghty read Spolsky vs. dhh http://en.wikipedia.org/wiki/Joel_Spolsky about the valuation of Facebook and SNS
thinkahol *

To Occupy and Rise - 0 views

shared by thinkahol * on 30 Sep 11 - No Cached
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    The Occupy Wall Street movement is well into its second week of operation, and is now getting more attention from media as well as from people planning similar actions across the country. This is a promising populist mobilization with a clear message against domination by political and economic elites. Against visions of a bleak and stagnant future, the occupiers assert the optimism that a better world can be made in the streets. They have not resigned themselves to an order where the young are presented with a foreseeable future of some combination of debt, economic dependency, and being paid little to endure constant disrespect, an order that tells the old to accept broken promises and be glad to just keep putting in hours until they can't work anymore. The occupiers have not accepted that living in modern society means shutting up about how it functions. In general, the occupiers see themselves as having more to gain than to lose in creating a new political situation - something that few who run the current system will help deliver. They are not eager for violence, and have shown admirable restraint in the face of attack by police. There may be no single clear agenda, but there is a clear message: that people will have a say in their political and economic lives, regardless of what those in charge want. Occupy Wall Street is a kind of protest that Americans are not accustomed to seeing. There was no permit to protest, and it has been able to keep going on through unofficial understandings between protestors and police. It is not run by professional politicians, astroturfers, or front groups with barely-hidden agendas. Though some organizations and political figures have promoted it, Occupy Wall Street is not driven by any political party or protest organization. It is a kind of protest that shows people have power when they are determined to use it. Occupy Wall Street could be characterized as an example of a new type of mass politics, which has been seen in
thinkahol *

Obama's "bad negotiating" is actually shrewd negotiating - Glenn Greenwald - Salon.com - 0 views

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    In December, President Obama signed legislation to extend hundreds of billions of dollars in Bush tax cuts, benefiting the wealthiest Americans. Last week, Obama agreed to billions of dollars in cuts that will impose the greatest burden on the poorest Americans. And now, virtually everyone in Washington believes, the President is about to embark on a path that will ultimately lead to some type of reductions in Social Security, Medicare and/or Medicaid benefits under the banner of "reform." Tax cuts for the rich -- budget cuts for the poor -- "reform" of the Democratic Party's signature safety net programs -- a continuation of Bush/Cheney Terrorism policies and a new Middle East war launched without Congressional approval. That's quite a legacy combination for a Democratic President. All of that has led to a spate of negotiation advice from the liberal punditocracy advising the President how he can better defend progressive policy aims -- as though the Obama White House deeply wishes for different results but just can't figure out how to achieve them. Jon Chait, Josh Marshall, and Matt Yglesias all insist that the President is "losing" on these battles because of bad negotiating strategy, and will continue to lose unless it improves. Ezra Klein says "it makes absolutely no sense" that Democrats didn't just raise the debt ceiling in December, when they had the majority and could have done it with no budget cuts. Once it became clear that the White House was not following their recommended action of demanding a "clean" vote on raising the debt ceiling -- thus ensuring there will be another, probably larger round of budget cuts -- Yglesias lamented that the White House had "flunked bargaining 101." Their assumption is that Obama loathes these outcomes but is the victim of his own weak negotiating strategy. I don't understand that assumption at all. Does anyone believe that Obama and his army of veteran Washington advisers are incapable of discovering these tactics on th
thinkahol *

Sugata Mitra shows how kids teach themselves | Video on TED.com - 0 views

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    Speaking at LIFT 2007, Sugata Mitra talks about his Hole in the Wall project. Young kids in this project figured out how to use a PC on their own -- and then taught other kids. He asks, what else can children teach themselves?
Parycek

Open Source Open World - 0 views

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    Info Graphic
Johann Höchtl

Wiki:Government 2.0 | Social Media CoLab - 0 views

  • Internal (intra or inter-government) collaboration. Institutional presence on external social networks Open government data Employees on external social networks 
  • Increased government efficiency Increased government accountability Increased citizen engagement and participation Increased innovation
  • Potential loss of privacy Invalid data
  • ...11 more annotations...
  • 1) what data should the government share and 2) how does data influence the public sphere
  • The optimists decry the modern instantiations of bureaucracy and policy in which democratic governments operate as the source of democratic ills and support the normative idea of an informed and engaged public.  Pessimists counter that the normative model of democracy most accepted in the literature is a novel construction that is not grounded in the natural behavior of citizens.
  • The innocence of Americans is either explained as a rational choice under the principle of rational ignorance (Downs, 1957) or explained as something inherent in the lack of mental sophistication in humans.
  • Government 2.0 attempts to correct the problems of information diffusion by assuming that people are simply unable or unwilling to find information in the offline world.  If the barriers to information acquisition are lowered then, the theory goes, people will be more likely to find, synthesize and use information in decision-making processes.
  • Feedback loops: Who will be active in these loops? How will the public respond? 
  • People usually think about explicit citizen participation, but some of the most pwrful Web 2.0 tools aren't about that: it's about ppl who are participating w/o knowing they are participating. Google is actually one of the great engines of harnessing participation, anyone who clicks on a link is participating, a link is a vote, meaning hidden in something they're doing already. Wikipedia isn't the only place where people are contributing.
  • The amount of data being shared/collected about people is growing exponentially, old notions of privacy need to be replaed by ideas of visibility and control: give more control over who gets to see it. We are better off with more visibility and control than stopping people from collecting data. The data is incredibly useful, applicaitons depend on data, people willingly giving up that privacy about where they are all the time.
  • many programs go wrong, generically, (what worries me) government is still very much an insider's game, we have not yet really built a system that allows real participation
  • Another gov 2.0 observation: it's very hard for a government agency to start over, it's not like private sector, where companies with bad ideas go out of business. Government agencies don't go out of business. (consumers benefit from newspapers going out of business) We don't have creative destruction in gov't, the basic machinery of it just gets bigger and more entrenched. Need to figure out how to start over: what not to do
  • The toughest part about Web 2.0, Gov 2.0, etc, might be the role of management. It used to be about defining the outcome and monitoring the progress towards that outcome. In Web 2.0 you don't know what that outcome is, it's a huge leap of faith, and takes a tremendous amount of adjusting to that approach. Do we need a different set of metrics? Yes. Media is intersecting with technology, technology is a new channel for media, even Hollywood is changing: oh my goodness, we have to create entirely new financial models!
  • "The future is already here, it's just unevenly distributed." It's a cultural issue here, people are stuck in the past and we need a new wave of innovators or we should just expect slow results.
Parycek

Science and Web 2.0: Talking About Science vs. Doing Science « The Scholarly ... - 0 views

  • There are far too many sessions on journalism and policy, and far too little on doing science . . .
  • “killer app” that integrates social media into the mainstream of science.
  • Tools for doing science are much harder to envision and build.  But these sorts of tools are much more likely to see uptake and use by the community, simply because scientists are more interested in doing science than they are in talking about science.
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  • ScienceBlogs has around 80 regular bloggers. The Nature Network has around 40 blogs that have been updated in the last month (this figure seems to have dropped by 20% since I last checked). David Bradley lists 600-plus “science type” users of Twitter.
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    Science Online 2010, the annual meeting for cutting edge users of Web 2.0 technologies in science, was held last month. It filled the science blogosphere with coverage and allowed far-flung colleagues to meet in person.
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