Rudi Chen

Software engineer @figmadesign

[Rudi Chen @digitalfreepen]

@leilavclark @averagelift3r @nikosmemes Oh hi, hope you're well! Maybe I should reread my own post haha.

[Rudi Chen @digitalfreepen]

This guy gets it. No comment on the acquisition aspect but the technical challenges of bringing multiplayer to a legacy app is why I personally had never been concerned about Adobe outcompeting us directly, which is normally every startup’s fear.

[Amal Dorai @amaldorai]

I'm not surprised that Adobe is acquiring Figma for $20B, nor that Wall Street doesn't understand it and $ADBE stock is down more than $20B today. It's a smart move for Adobe because it's nearly impossible to make legacy software applications multi-user collaborative. Thread: 🧵

[Rudi Chen @digitalfreepen]

@ju_sung_lee Oh shit! Hope your recovery goes well!

[Rudi Chen @digitalfreepen]

@zyumbik @gavinmcfarland @FigmaPlugins @figmadesign @SickingJ I would guess that the slowness comes more specifically from repeatedly instantiating things while traversing through invisible children, whereas making the parent visible only causes one instantiation.

[Rudi Chen @digitalfreepen]

@zyumbik @gavinmcfarland @FigmaPlugins @figmadesign @SickingJ And if your plugin traverses these invisible instances, the instance sublayers need to be instantiated, which can be slow.

[Rudi Chen @digitalfreepen]

@zyumbik @gavinmcfarland @FigmaPlugins @figmadesign @SickingJ Which meant that a single instance could end up having 1000s of layers and made files ran out of memory. So we skipped instantiating invisible nested instances. We don't like having this optimization, but removing it at this point would probably crash a lot of existing files.

[Rudi Chen @digitalfreepen]

@skuwamoto Sho don’t you know the way to destroy the stock market is to go all in on the stock market?

[Rudi Chen @digitalfreepen]

It's fashionable to attribute everything to censorship these days, but that is precisely when we should be careful about making assumptions. Most things have more mundane explanations.

Otherwise, real censorship of important matters will get lost in the noise.

[Balaji @balajis]

FYI

1) Reddit did not shut down r/wallstreetbets

2) The mods shut it down bc they were overwhelmed

3) It’s now back, for now at least:
https://t.co/XESyewgaks

Source: senior Reddit administration official

[Rudi Chen @digitalfreepen]

@br4dm4l0n3y Possible. It could also be a combination of both. I won't argue with you on that point, because at the end of the day, picking sides in a stock trade battle is just sports.

For Robinhood, should it matter whether a hedge fund closed their position?

[Rudi Chen @digitalfreepen]

I have a general distaste for Robinhood the company. But portraying their decision to stop $GME trading as "defending hedge funds" is a terrible take. Quite the opposite, it helps retail traders the most, just not our WSB heroes. /1

[Rudi Chen @digitalfreepen]

@Agenericuserna3 Could you first address my point on how they're _more_ beholden to Citadel than their customers?

Also, Citadel, as a market maker, makes money proportional to trading volume and volatility. Stopping trading means no more volume and reduced volatility.

[Rudi Chen @digitalfreepen]

@Agenericuserna3 Why am I suddenly gettting replies from bots or fake name profiles?

Anyway, if you're referring to Citadel, I'm well aware, and my point still stands. Switching off Citadel is not an existential threat. Losing their customers is.

[Rudi Chen @digitalfreepen]

As for Robinhood, all their customers are retail clients. I don't see a good incentive for them to get cozy with hedge funds. If anything, being perceived as favoring hedge funds seems like an existential threat for them. /a

[Rudi Chen @digitalfreepen]

WSB just happened to win this round. Good for them, but they're just traders at the end of the day. People who benefited this time from the stock market "system". So outrage like this seems completely unnecessary: https://t.co/zihG3O9n7S /6

[Alexandria Ocasio-Cortez @AOC]

This is unacceptable.

We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit.

As a member of the Financial Services Cmte, I’d support a hearing if necessary.

[Rudi Chen @digitalfreepen]

@br4dm4l0n3y The thing about short squeezes is that a margin calls _forces_ you to sell, and given how far the stock has gone up, I would find it likely that they were indeed forced to close their position. But this is merely an educated guess.

[Rudi Chen @digitalfreepen]

@br4dm4l0n3y I mean, now that $GME is so overvalued, shorting the stock becomes even more attractive. If you're expecting the short interest to go down because Mevlin and Citron got short squeezed as evidence they closed, that's unlikely to happen. There are other players than them.