fu

dev

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The wealthiest 1% of US earners now own 50.1% of US equity and mutual fund holdings.

To put this into perspective, their ownership stood at 40.1% in 1990 and 39.6% in 2001.

At the same time, the next 9% wealthiest households own 37.3%, and the middle 40% own just 11.7%.

By comparison, the bottom 50.0% of earners hold just 1.1%.

As a result, the top 10% of earners now own ~87.4% of all equity and mutual fund assets.

Asset owners are the only winners in this economy.

[Mitchell Hashimoto @mitchellh]

Amongst my friends, Spotify is the lowest quality consumer app we still pay for. It certainly hasnt gotten noticeably better in the last couple years (arguably worse). So, this is not the positive look Ant and Spotify are spinning here.

Bigger picture, this is the problem with a lot of AI reporting. It reports completely meaningless metrics like deploys per day or LoC. Why don’t we start reporting consumer satisfaction reports? Actually end state research results.

All the no nuance AI people always come out and think that this is anti AI. Again, I think AI is great and Claude is great. But this is bad marketing and makes both look like clowns.

[zerohedge @zerohedge]

*TURKISH COURT RULES TO REMOVE MAIN OPPOSITION'S LEADERSHIP

[Harrison Kinsley @Sentdex]

I remember trying to force myself to use C++ to do the same things I could do 100x faster in Python. I just couldn't do it. Not because it was hard, because there was no point for that particular problem. There are obviously still many important and useful usecases for C++ today, but the needs have changed over time.

Abstraction is a good and natural thing. It's a core human capability that has given us our entire civilization and allows us to progress technologically.

When assembly hit, the machine coders disliked it. When C++ came around, the C/Assembly people disliked it. C++ people still often dislike Python. It's definitely okay to be sad about change, and Mo's take here seems super human and genuine, recognizing mostly that times are changing, but the argument is false.

Mo is not useless. Mo just needs harder problems to solve.

[jack @jack]

we're making @blocks smaller today. here's my note to the company.

####

today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation. i'll be straight about what's happening, why, and what it means for everyone.

first off, if you're one of the people affected, you'll receive your salary for 20 weeks + 1 week per year of tenure, equity vested through the end of may, 6 months of health care, your corporate devices, and $5,000 to put toward whatever you need to help you in this transition (if you’re outside the U.S. you’ll receive similar support but exact details are going to vary based on local requirements). i want you to know that before anything else. everyone will be notified today, whether you're being asked to leave, entering consultation, or asked to stay.

we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. but something has changed. we're already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly.

i had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. i chose the latter. repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead. i'd rather take a hard, clear action now and build from a position we believe in than manage a slow reduction of people toward the same outcome. a smaller company also gives us the space to grow our business the right way, on our own terms, instead of constantly reacting to market pressures.

a decision at this scale carries risk. but so does standing still. we've done a full review to determine the roles and people we require to reliably grow the business from here, and we've pressure-tested those decisions from multiple angles. i accept that we may have gotten some of them wrong, and we've built in flexibility to account for that, and do the right thing for our customers.

we're not going to just disappear people from slack and email and pretend they were never here. communication channels will stay open through thursday evening (pacific) so everyone can say goodbye properly, and share whatever you wish. i'll also be hosting a live video session to thank everyone at 3:35pm pacific. i know doing it this way might feel awkward. i'd rather it feel awkward and human than efficient and cold.

to those of you leaving…i’m grateful for you, and i’m sorry to put you through this. you built what this company is today. that's a fact that i'll honor forever. this decision is not a reflection of what you contributed. you will be a great contributor to any organization going forward.

to those staying…i made this decision, and i'll own it. what i'm asking of you is to build with me. we're going to build this company with intelligence at the core of everything we do. how we work, how we create, how we serve our customers. our customers will feel this shift too, and we're going to help them navigate it: towards a future where they can build their own features directly, composed of our capabilities and served through our interfaces. that's what i'm focused on now. expect a note from me tomorrow.

jack

[daz @MetamateDaz]

What’s wrong babe? You don’t seem excited for another work week where 40% of your hard earned money is given to the evil global elites

[Christina Farhat @farhatchristina]

today is my first day at cursor. i am not wearing socks.

[@levelsio @levelsio]

New mood

[Arnaud Bertrand @RnaudBertrand]

I was studying other times in history when gold prices more than doubled in the reserve currency of the time, as they did in the past year: it's rare and almost always a sign of a profound loss of confidence in the existing monetary and political order, going all the way back to the Roman empire (the so-called "Crisis of the Third Century").

And it often marked the transition from one era of power to the next: the fall of Rome, Spain's decline from world power, the French Revolution and Terror, the end of Bretton Woods, etc.

Interestingly, it's often actually as much a cause as a sign of these episodes, as this is effectively a transfer of real wealth from the poor to the rich elites who protect themselves with gold - this being what ignites the political upheaval.

The weird aspect of the current episode is the relative silence around it: we're witnessing what may be one of the great pivotal moments in financial history yet it's being barely discussed.

[fu @fufudev]

hiçbir şey bu kadar kanıma dokunmamıştı

[fu @fufudev]

@turc35 dede bu amerikadaki bir aldi marketinden, 2 taneden fazla satmıyorlar

[fu @fufudev]

@iriscibre 1 kurabiye 3 euro, 6 kurabiye 15 euro, fiyatı abartılı değil.

[fu @fufudev]

DeepSeek: The server is busy. Please try again later.

[fu @fufudev]

What's next? $IWANKA?

[fu @fufudev]

@vvinteriscoming mucit olmasada iyi bi mürit mıyalayanından

[fu @fufudev]

geçti gitti

[Trung Phan @TrungTPhan]

the last 5 years, explained

[fu @fufudev]

@mcquennsimsek @senolbabuscu @e507 yok öteki

[507 @e507]

Asgari ücret 2025 artış oranı %30
Brüt ~ 26.005 TL
Net ~ 22.104 TL
İşveren maliyeti ~ 30.556 TL

[fu @fufudev]

@iriscibre @turc35 metinde sahte dolar tespitine dair kesin bilgi var mı? gerekli çalışmalar yapılmıştır edilmiştir vs yazılmış. tespit detayı mevzu değil. piyasada sahte dolar var ya da yok denilmesi bekleniyor.

[fu @fufudev]

herşeye sıfırdan başlıyorum