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Saved by @ThomassRichards

Today's Twitter threads (a Twitter thread).

Inside: Mexican indigenous telco wins spectrum fight; How apps steal your location; Understanding /r/wallstreetbets; Knowledge is why you build your own apps; and more!

Archived at: https://t.co/6BOyhL3tEj

#Pluralistic

1/

 Join me this afternoon for the launch of the print edition of my 2020 book HOW TO DESTROY SURVEILLANCE CAPITALISM!

https://t.co/8Op6IEocPB

2/
Mexican indigenous telco wins spectrum fight: First Nations treaties do not sign away electromagnetic franchises.

https://t.co/BBsxXuGQe3

3/
How apps steal your location: A deep dive into the murky depths of surveillance markets.

https://t.co/mV7u2FYylT

4/
Understanding /r/wallstreetbets: More than a bull run, a symbiosis of a market maker and market destroyers.

https://t.co/7zr1N4vkjV

5/
Knowledge is why you build your own apps: Outsourcing software development squanders vital understanding.

https://t.co/fb9U6kdS2p

6/
#15yrsago Photographer’s bust-card silkscreened on white-balance cards https://t.co/AeAdoPEOdF

#15yrsago What the LibreOffice fork means for Oracle’s shabby treatment of Sun’s free software projects https://t.co/NMqzXwohco

7/
#15yrsago Danny O’Brien’s Open Source con presentation on Evil https://t.co/XnNA1GTwjF

#10yrsago William Gibson on Stuxnet https://t.co/8ystFfWRRo

#10yrsago Fair use for poets, demystified https://t.co/gQEPxOAsQV

8/
#5yrsago Bill Gates sold rights to the Tiananmen 1989 pictures to a Chinese company https://t.co/6Ne78KoE0y

#5yrsago Guess who donated all the money to Black Americans for a Better Future Super PAC? Rich white men. https://t.co/3vHwKybCwh

9/
#5yrsago Anaheim: the happiest surveillance state on earth https://t.co/lEDn8bVtPr

#5yrsago Microsoft billionaire Paul Allen wipes out coral reef with his superyacht https://t.co/zlVs92OiPB

10/
#5yrsago Florida mayors write to GOP presidential hopefuls demanding action on climate change https://t.co/CtQY0W35V3

11/
#1yrago “A piece of shit”: Government report on Wells Fargo corruption shows top executives’ direct complicity in millions of acts of fraud https://t.co/yqDEMC7zVT

#1yrago A vase ringed with razor-sharp knives https://t.co/z1ErghPDJV

12/
#1yrago “The Art of Computer Designing”: stark, beautiful black-and-white images from 1993 https://t.co/sNm21DiqKb

#1yrago RIP, Jason Polan, who tried to draw every single person in New York City https://t.co/4rNDagrb3R

13/
#1yrago What happens when you steadily ramp up the speed at which you listen to podcasts https://t.co/O7L4xfcBQZ

#1yrago After ransomware took Baltimore hostage, Maryland introduces legislation that bans disclosing the bugs ransomware exploits https://t.co/ZHuXj8xleO

14/
#1yrago The “ops lessons we all learn the hard way” https://t.co/oFygUGqUMS

#1yrago Ajit Pai promised that killing net neutrality would spur network investment, but instead Comcast cut spending by 10.5% https://t.co/x3WtwmEyQq

15/
#1yrago The Catholic Church broke its promise to publish a list of “credibly accused” abuser priests, so Propublica did it for them https://t.co/GkQ9fBnv0w

16/
Yesterday's threads: Casino mogul steals First Nation's vaccine; Facebook champions (its own) privacy; Goldman CEO gets $17.5m reward for $4.5b fraud; and more!

https://t.co/io2BfxOFfn

17/
My latest novel is Attack Surface, a sequel to my bestselling Little Brother books. @washingtonpost called it "a political cyberthriller, vigorous, bold and savvy about the limits of revolution and resistance."

Get signed books from @darkdel: https://t.co/HfWfdx8sIu

18/
My 2020 book "How to Destroy Surveillance Capitalism" is a critique of Big Tech connecting conspiratorial thinking to the rise of tech monopolies and proposing a way to deal with both:

https://t.co/Us0SPxlcmD

Now, it's available in paperback!

https://t.co/x2eXIkUY64

19/
My ebooks and audiobooks (from @torbooks, @HoZ_Books, @mcsweeneys, and others) are for sale all over the net, but I sell 'em too, and when you buy 'em from me, I earn twice as much and you get books with no DRM and no license "agreements."

https://t.co/vpGcSZiPZ2

20/
Upcoming appearances:

* Launch for the print edition of HOW TO DESTROY SURVEILLANCE CAPITALISM, Jan 28, https://t.co/8Op6IEocPB

* Launch for the young adult edition of Edward Snowden's memoir PERMANENT RECORD, Feb 9, https://t.co/BY6hqpJFeO

21/
Recent appearances:

* Monocle Reads https://t.co/ENWPDLYVXg

* Hedging Bets on the Future (Motherboard Cyber):
https://t.co/7YeNDAjLfc

* Applying the Pandemic Mindset to Climate Change:
https://t.co/syTXEF1gFz

22/
My first picture book is out! It's called Poesy the Monster Slayer and it's an epic tale of bedtime-refusal, toy-hacking and monster-hunting, illustrated by Matt Rockefeller. It's the monster book I dreamt of reading to my own daughter.

https://t.co/yQLVua4WkB

23/
You can also follow these posts as a daily blog at https://t.co/iSBh8s9m7q: no ads, trackers, or data-collection!

Here's today's edition: https://t.co/6BOyhL3tEj

24/
If you prefer a newsletter, subscribe to the plura-list, which is also ad- and tracker-free, and is utterly unadorned save a single daily emoji. Today's is "🥉". Suggestions solicited for future emojis!

Subscribe here: https://t.co/TwPzz87nAw

25/
Are you trying to wean yourself off Big Tech? Follow these threads on the #fediverse at //twitter.com/[email protected]." target="_blank">@[email protected].

Here's today's edition: https://t.co/HnXzn1iWrm

26/
Today's top sources: Nat Torkington (), Naked Capitalism (https://t.co/iNjUCBfMr0).

eof/

More from Cory Doctorow #BLM

Cory Doctorow #BLM
Cory Doctorow #BLM
@doctorow
While many Amazon warehouse workers in Europe have unionized, its brutalized, underpaid, routinely maimed US workforce remains tragically unorganized, thanks to the US's weak labor laws that make forming a union far harder than at any time since the Gilded Age.

1/


But all that may be about to change: 6000 warehouse workers in #BHM1, the massive Amazon warehouse in Bessemer, AL, will vote next month on a push to unionize under the

Amazon, like other tech giants, is absolutely reliant on building and maintaining a competitive advantage by exploiting technology to drive wages ever downward while ducking responsibility for harming workers.

3/

Big Tech is pants-wettingly afraid of unionization, and that goes double for any solidarity between high-paid tech workers and misclassified/outsourced warehouse workers and other "unskilled" laborers.

4/

Amazon has gone so far as to hire the Pinkertons, renowned as some of history's most violent anti-worker terrorists, to bust unionization drives in its
BUSINESS
Cory Doctorow #BLM
Cory Doctorow #BLM
@doctorow
There is no shortage of takes about what's going on with Gamestop (and other surging stocks), Robinhood and Reddit's r/wallstreetbets, many of them contradictory - at least on the face of them. But I think it's possible for most of these takes to be right. Here's how.

1/


First you need to understand the underlying mechanics of the story. Stock markets are fundamentally a way of making bets, including bets on the outcome of other peoples' bets, and bets on the outcomes of THOSE bets.

2/

All this complexity creates lots of exploitable opportunities. Some of these opportunities are considered legitimate and are given respectable names like "arbitrage." Others are considered illegitimate, and are called disreputable things like "stock manipulation."

3/

A hypothetical Martian observing all this through a telescope could not tell you which kinds of bets were honest and which were dishonest, because the difference isn't about any objective standard, but rather, about power.

4/

The strategies of powerful people are legit, while the strategies of their would-be dethroners are not legit. Sometimes, even outright frauds are OK if they're done by people with enough power.

5/
TRADING , STOCK MKT
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Cory Doctorow #BLM
Cory Doctorow #BLM
@doctorow
Inequality requires narrative stabilizers. When you have too little and someone else has more than they can possibly use, simple logic dictates that you should take what they have.

1/


The forbearance exercised by the many when it comes to the wealth of the few isn't down to guards or laws - rather, the laws and the guards are effective because of the STORY, the story of why this is fair, even inevitable.

2/

Think of the story of monarchy and its relationship to the Church: the Church affirms that the monarch (and the aristocracy) was chosen by God ("dieu et mon droit") and the monarchy reciprocates by giving the Church moral and economic power within the kingdom.

3/

Capitalism replaced the story of divine will with a story of a self-correcting complex system: humans are born and raised with a variety of aptitudes and tastes, and at any moment, historical exigencies dictate that some individuals are better suited than others to do well.

4/

When it's railroad time, there are people who were born to oversee the laying of track and the coordination of rail networks: markets find those people, allocate capital to them, and allow them to mobilize that capital to produce shared prosperity for all of us.

5/
CULTURE
Cory Doctorow #BLM
Cory Doctorow #BLM
@doctorow
We are in an extraordinary moment, but not an entirely unprecedented one. Since the earliest days, societies have had to cope with disasters that wiped out the ability of everyday people to service their debts and thus threatened to destroy their societies.

1/


If you've read U Missouri econ prof Michael Hudson's writings on the subject, you know that for millennia, rulers in these circumstances simply wiped out the debts, declaring a "jubilee" that allowed people to rebuild after disasters rather than being trapped in debt spirals.

2/

In a new essay on @NakedCapitalism called "How an 'Act of God' Pandemic Is Destroying the West: The US Is Saving the Financial Sector, Not the Economy," Hudson reveals the abyss on whose brink we are balanced, and what we must do to pull back from

Hudson's oft-repeated golden rule is "Debts that can't be paid, won't be paid." That is to say: making it harder to declare bankruptcy, or binding debtors over to arbitration or wage-garnishing won't actually get them to pay debts they cannot afford.

4/

This is a very sharp observation in the US context. The 2008 crisis was "solved" by bailing out finance, not people - and so the finance sector was able to lend to consumers to buy things again, while consumer debt mounted to spectacular levels.

5/
ECON
Cory Doctorow #BLM
Cory Doctorow #BLM
@doctorow
Republican North Dakota legislators have introduced #SB2333, a bill that prohibits large tech companies from locking their users into a single app store or payment processor.

https://t.co/PgyhgOhFAl

1/


While his has implications for Android and other large tech platforms, its most immediate and far-reaching effects with be on Apple, whose Ios platform uses lock-in to monopolize both apps and payments (and another domain, not mentioned in the bill: repairs).

2/

Predictably, this has thrown Apple into a fury, with Apple's privacy chief @erikn telling the SD legislature that Apple uses its monopoly over the app store to protect its users' privacy and

Neuenschwander makes a good, but incomplete, point. To the extent that Apple has the same interests as its users, it uses its app store monopoly to lock out bad apps (to the best of its ability).

4/

But when Apple's interests diverge from its users' interests, the prohibition on sideloading apps actively harms those users' privacy and security. Think of how Apple caved to Chinese state demands to remove working VPNs from the Ios app store to facilitate mass surveillance.

5/
BUSINESS

More from Trading

Brian Feroldi
Brian Feroldi
@BrianFeroldi
1/ How to review quarterly earnings 🧵

A step by step guide using $DXCM as an example

⬇️

2/ The BIG question: Is the thesis on track❓

Other question:

❓Is revenue growing?
❓Are margins stable/expanding?
❓Profits?
❓Balance sheet?
❓New opportunities?
❓New threats?

3/ I open 4 browser tabs

Tab 1 - Current company earnings report / shareholder letter

Tab 2 - Previous company earnings report / shareholder letter (check guidance)

Tab 3 - Analyst estimates

Tab 4 - Call Transcript


4/ Tabs 1 & 2 - Find the current & previous earnings report

I search "Dexcom Investor Relations"

I click on "press release"

Open the newest quarterly earnings report and last quarter

It can also be a shareholder letter/presentation


5/ Tab 3 - Find the quarterly analyst estimates

Open up $DXCM in yahoo finance

The "news" section usually has a link to reports on whether the company beat/met estimates

The "analysis" tab is a good source, but sometimes it updates to the next quarter too quickly
TRADING , ALL , AR
Anarchist \U0001f4a3Federation \u2764\U0001f5a4
Anarchist 💣Federation ...
@AnarchistFed
While watching the GameStop stuff has been mildly hilarious (I mean who doesn't like watching the financial elite squirm?) it's pretty clear that a whole bunch of folk have convinced themselves this is ACTUALLY some kind of revolutionary activity. It isn't. 1/


Sure, it's highlighted yet another way in which the bastards profiteer but that's about it, stick it on the pile with the fifty other pro tips to keep the poor, well poor... It's todays banter and tho a few folks might have egg on their faces, literally nothing will happen. 2/


GameStop's three largest shareholders have earned £1.5bn+ during this. They sit at the top of some 200 institutions which are rolling. Meanwhile the ersatz rebels are now watching the bubble, realising there is profit to be made and having a wibble. 3/


No doubt some TRULY believe they are taking part in some kind of revolution but frankly it's utterly absurd and the vast majority are in it for the lulz and to cash in quick.

I'm sorry to tell you this, but you don't own GameStop.

4/


The reality is, the scale of the economic disparity and corruption is simply vast. Billionaires loosing a few millions means nothing. They buy one less yacht and you continue to live meal to meal.

The "Free Market" changes a few systems and the abuse continues. 5/
TRADING
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Keval Ashar
Keval Ashar
@KevalAshar
Indian Investing Conclave Day 1 @IIC_2020

:Route Mobile
:Philip Carbon Black
:Borosil Ltd
:Arvind Ltd
:Hawkins Cooker
:Repco Homes
:Shaily Engineering Plastics

Route Mobile @ravidharamshi77

Investment Hypothesis in CPaaS companies

:Crossed the technology adoption chasm
:Huge addressable opportunity - Industry growth estimates 30-50%
:Profitable Unit Economics, Cash Generating, Incremental Cost Low

CPaaS growing at 40%


Route Mobile

:Applications served by route mobile - Facebook, Instagram, Whatsapp, Google Pay to name a few
:Route mobile platform used for : 2 factor authentication, Notification for customer engagement across portfolio of apps


Route Mobile Key points

:Scaled upto 1200cr of revenue from internal accruals
:Huge runway for growth
:Multi geography and Omni-Channel presence
:Cash available for M&A
:Scope of margin improvement
:Demonstrated ability to move up the value scale

Philips Carbon Black @sarkaraniruddha

:Indias largest carbon black manufacturer
:Where is carbon black used, Tyre Rubber(73%), Non Tyre Rubber (20%), Non Rubber Speciality Carbon (7%)

Industry Size & Capacity Addition
1.3 Million Tonnes capacity and PCB has 43% market share
TRADING
Val Katayev
Val Katayev
@ValKatayev
A former CIA math genius built a quantitative trading fund that earned more than $100 BILLION for investors.

At 66% return/yr, his track record destroys that of Warren Buffet, George Soros, Carl Icahn, and every investor who ever lived.

The Smartest Billionaire in Finance:


1/28
If you'd have put $100 into Jim Simons' Medallion Fund in 1988, it would be $400M+ today.

By contrast,

$100 in the S&P 500 in 1988, would be $2,000 in 2022. (roughly)

Let that sink in.

2/28
Jim Simons's Medallion fund has had unreasonably high annual returns of 66% across 30 years.

For comparison, Buffet clocked in at about 20%/yr.

Many funds don't make that in a lifetime.

3/28
Even during the financial crisis of 2008, it made a net return of 82.38%.

They make so much money for their investors that they charge 44% in management fees.

The industry standard is 20%.


4/28
It uses math calculations to decide the bulk of its trades, & none of the market trends apply to how it performs.

It wins by finding order in chaos.

The fund is managed by Renaissance Technologies, the parent company founded by the mathematical genius Jim Simons.
TRADING
Nikita Poojary
Nikita Poojary
@niki_poojary
We have shared a lot of threads exclusively on Subasish Pani in the past year.

As this year comes to an end, here are the 11 most powerful threads on Subasish Pani exclusively compiled for you all.

Collborated with @AdityaTodmal

1/ Important concepts from Power of Stocks - Subasish


2/ Important concepts with video links of Subasish


3/ The 5 EMA


4/ The Bollinger Band set-
TRADING

You May Also Like

Brian Cates
Brian Cates
@drawandstrike
Great article from @AsheSchow. I lived thru the 'Satanic Panic' of the 1980's/early 1990's asking myself "Has eveyrbody lost their GODDAMN MINDS?!"


The 3 big things that made the 1980's/early 1990's surreal for me.

1) Satanic Panic - satanism in the day cares ahhhh!

2) "Repressed memory" syndrome

3) Facilitated Communication [FC]

All 3 led to massive abuse.

"Therapists" -and I use the term to describe these quacks loosely - would hypnotize people & convince they they were 'reliving' past memories of Mom & Dad killing babies in Satanic rituals in the basement while they were growing up.

Other 'therapists' would badger kids until they invented stories about watching alligators eat babies dropped into a lake from a hot air balloon. Kids would deny anything happened for hours until the therapist 'broke through' and 'found' the 'truth'.

FC was a movement that started with the claim severely handicapped individuals were able to 'type' legible sentences & communicate if a 'helper' guided their hands over a keyboard.
CULTURE
Patrick McKenzie
Patrick McKenzie
@patio11
Most software founders, particularly in B2B, need to get radically better at sales. @Steli , who is the best person for explaining the scrappy stages in the beginning and then building out a team with scripts and processes, wrote a guide to:

For technical founders it is irrationally, obscenely hard to reverse years of programming (ba dum bum) that sales is a value-destroying activity. Sales is CLEARLY a value-creating activity, contingent on you have a value-creating product.

The world will not drop what they are doing to adopt your work. This is particularly true in B2B, where simply building a better mousetrap won't overcome the activation energy required to get people with additional non-mice problems to prioritize changing mousetraps today.

This is very non-obvious for founders because founders are not often people who *want* to be sold to. We often come from a background where trying out tools is a bit of a fun hobby. We like looking at all the options, making charts, and ripping out partially complete tests.

"This week I unsuccessfully trialed four software options for automating that thing that has been killing us. Our actual production process remains the same as last week. Don't worry; this was a great use of time." is not a thing you want to write in a progress report to manager.
TECH
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Mike DiCenzo
Mike DiCenzo
@mikedicenzo
"How the Avengers would respond to the Capitol riot" (a thread)

CAPTAIN AMERICA - tells Falcon, "I fought Nazis once before. They're extremely dangerous." They then see the guy scaling the Capitol wall fall into the shrubs. Falcon: "You sure these are the same Nazis?"

IRON MAN - lands by the guy carrying the podium. Says, "Mind if I borrow this?" then tosses it to Hulk, who swings it like a bat at the mob. Guy: "Hey, that's MY podium!" Iron Man: "Actually it's the Speaker's. And technically, it's a lectern." Then punches him through a wall.

BLACK WIDOW - enters hotel room where Jack Dorsey is tied up. Rips duct tape off his mouth. Jack: "I'll do anything you want!" BW: "Disable POTUS's Twitter. NOW!" Jack fumbles with his phone. "Done. Anything else?" BW: "Yeah. Trim your beard for God's sake." *tosses him clippers*

HULK - grabs a selfie stick from one of the guys and beats him over the head with it. Deeming it too small, he grabs another guy's Confederate flag and takes out a whole swath of rioters. He then tosses the flag to Cap, who uses it as a javelin to impale a fleeing Ted Cruz.

HAWKEYE - hears Iron Man in his earpiece say, "Looks like Orange Julius is tweeting from another account." Hawkeye: "On it." He locks in on Trump through the White House window and fires an arrow, knocking the phone out of Trump's hands. Hawkeye: "Damn that felt good."
GOVERNMENT
\U0001d40d\U0001d41e\U0001d421\U0001d41a \U0001f1ee\U0001f1f3
𝐍𝐞𝐡𝐚 🇮🇳...
@Neh_hope_faith
THREAD: What is Golden Crescent and Golden Triangle and how it impacts India?

Golden Crescent region of South Asia - comprises of Afghanistan, Iran, and Pakistan - which is a principal global site for opium production and distribution.


Golden Triangle is the area where the borders of Thailand, Laos and Myanmar meet at the confluence of the Ruak and Mekong rivers. The Golden Triangle is called so because of the triangular shape formed by the locations of New Delhi, Agra and Rajasthan on a map.


India is wedged bw world’s 2 largest areas of illicit opium production, Golden Crescent & Golden Triangle, that has made Indian borders vulnerable to drug trafficking. It flows from 2 fronts, NW & NE, that possesses dual concern - violation of border & threat to national security

- Golden Crescent is world’s leading opium and cannabis producing region since 1983.

- Its proximity to Indo-Pak border has worsened the trafficking of hashish and heroin into Indian soil

- Trafficking happens through the border states of J&K, Punjab, Rajasthan and Gujarat.


- Golden Triangle is leading opium producing region of the South-east Asia, also an ancient narcotics supply route to North America & Europe.

- Myanmar-Northeast nexus is recognized by NCB as the root of heroin & chemical drugs

- Myanmar produces 80% of heroin produced in world
ALL
Vibhu Vashisth
Vibhu Vashisth
@VIBHU_Tweet
Did you know?
Ahilyabai Holkar was one of India's
greatest women rulers of all time.

Ahilyabai was Born on May 31,1725 in the village of Chondi,Jamkhed distt,Maharashtra to a man named Mankoji Shinde,who was the Patil(Chief) of a village and a member of proud Dhangar Community.


Despite the fact that girls' education was a farther dream in those days, Ahilyabai was homeschooled by her father.
Ahilya didn't belong to any royal family but in a twist of fate she is still remembered as one of the most revered Queen in the history.


While they were living their humdrum lives, one day Malhar Rao Holkar, commander of the Peshwa Bajirao & Lord of the Malwa stopped in Chondi on his way to Pune, where he couldn't help but notice a young 8yrs old Ahilyabai in the temple service feeding the poor & hungry.

He was so impressed by the sheer innocence&beauty with simplicity character of Ahilyabai dat he asked her hand in marriage for his son Khanderao Holkar.Just like that she got married to Khanderao in 1733 at a tender age of 8&became a bride of esteemed Maratha community of Holkars

But destiny had something else in store for her as her husband died in the Battle of Kumbher in 1754 leaving her widow at 29.Distressed Ahilyabai was to commit Sati when her father-in-law Malhar Rao refused to let it happen.
ALL , AHILYABAIITIHAS


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