Joined November 2020
Hi. 🇺🇸 retweeted
TESLA/SPACEXSI The Special Committees have already been formed. But some don’t understand the ramifications. ♦️Some say the Special Committee has been formed, so do nothing. BUT The Special Committee represents us shareholders. They can guess what we think, OR we could just tell them. Thousands of shareholders chose the latter and signed the Letter to ask for expeditious action. Inaction was costly to Tesla in losing out on xAI, we don’t want that to happen again. ♦️Some assume a deal is a given. Elon Musk specifically said it is not a given on the SpaceX earnings call. ♦️Some debate timing. It is NOW - or NEVER. The special committee was already formed. That ship SAILED. There won’t be special committees again. Failed merger attempts are just that, failed. ♦️Some ask us to dictate terms. Even Elon Musk had to let the normal process work - and can’t dictate terms or timing or share exchange ratios. And he founded both companies. We can’t either. But we can, and did, ask that the ATH, and internal growth & revenue targets for Optimus & CyberCab be considered. ♦️Some say operate separately. BUT The Joint Ventures aren’t meant to be permanent. They are pure bureaucracy, friction and liability. They were a framework that achieved a headstart on what talented engineers from both companies can do together. They are now the unnecessary part to be deleted. Elon Musk doesn’t need to work at all. His time should not be spent in conflict committees. ♦️Some say do nothing. See again: You could let the Board guess, or you could just tell them shareholders are in favor. 50% + 1 of outstanding shareholders is an almost IMPOSSIBLY high bar. Broker non-votes count as NO. Many foreign investors can’t vote. The deal terms HAVE to be extremely compelling to turn undecided investors and institutions into YES VOTES. The Special Committee, and M&A Bankers/Lawyers have a fiduciary duty to gain the best terms they can. A letter doesn’t change a share exchange ratio. A letter says that shareholders will mobilize - in the face of an compelling deal -to get over 50% outstanding shares voting in favor and get the deal over the line.
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Hi. 🇺🇸 retweeted
I see a lot of people expressing shock and sadness over BioWare shutting down. And I get it. But here's the uncomfortable truth: The BioWare that made Baldur's Gate, Neverwinter Nights, KOTOR, Dragon Age: Origins and the original Mass Effect trilogy had largely ceased to exist long before yesterday's announcement. BioWare's decline began around the time the doctors left and much like what happened at Blizzard, most of the original talent responsible for building those legendary franchises had moved on years ago. What remained was the brand. The IP. Basically just the name on the building. But a studio's name doesn't make great games. Insanely talented people do. And that's the lesson our industry somehow keeps refusing to learn. The people who built those studios, who poured their blood, sweat and tears into establishing their creative identities were the actual assets. Their experience, their taste, their leadership, their ability to recognize what made a game special in the first place was always the thing that mattered, not the brand. You can't simply replace those people, keep the logo on the door and expect the magic to continue. Yet, that's precisely what publishers have been doing for the past 10-20 years. They've spent billions acquiring studios and IPs, seemingly under the assumption that the creative output would continue regardless of who was actually making the games. And when the original talent inevitably left, the remaining teams were expected to fill shoes that were often impossibly large, without necessarily having the experience, leadership or creative vision required to do so. And... the results speak for themselves. I think we'll eventually look back at the COVID-era acquisition frenzy as one of the most destructive periods in the history of our industry. Publishers were buying studios left and right, paying absurd valuations mostly just to secure IPs... and developers were often all too happy to cash out. At Moon Studios, we got quite a bit of crap for refusing to sell when seemingly everyone else was getting acquired. I remember telling our team back then that I'd seen this movie before. The exact same thing happened in the 90s, when EA went on its acquisition spree. Studios were bought, their founders and creative leaders gradually lost the freedom to make the games they believed in, the original talent became frustrated and left and eventually the studios all became a Ship of Theseus. History doesn't repeat itself perfectly, but it sure as hell rhymes, and that's exactly why I never wanted Moon to end up in that position. And I don't think we're even halfway through the ultimate fallout of the latest acquisition frenzy. There's going to be a very rude awakening for quite a few publishers when they discover that the studios they acquired for billions are worth a fraction of what they paid. And that shoving ideology down peoples throats ultimately came at a cost that they didn't quite grasp. They didn't actually buy the creative vision, the institutional knowledge or the culture responsible for making those studios successful. They bought the names, the buildings, the IPs and whatever teams happened to be there at the time. But those things don't matter at all. You can buy a studio. You can buy its IP. You can even buy its entire back catalogue. But you can't buy the magic that made those games special in the first place. And the sooner our industry understands that, the better.
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Hi. 🇺🇸 retweeted
I've noticed that I never see people say "that money could have been used to feed people" whenever Disney spends half a billion dollars on a Marvel movie.
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Hi. 🇺🇸 retweeted
Hillary Clinton wanted to drone strike Julian Assange.
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Hi. 🇺🇸 retweeted
America’s corporate governance system is broken, and it’s killing public companies. Look no further than Cracker Barrel: Decades of brutal mismanagement have seen one incompetent CEO after another walk away with a massive paycheck while customers and actual shareholders take a beating. Why does this keep happening? Because proxy advisory firms like ISS are corrupt. They blindly rubber-stamp failing boards year after year, protecting the corporate elite while burning shareholder value to the ground. The root of the rot is index funds. There's no question that indexing one's money is a smart financial move for most people. But just because you passively index your investments doesn't mean your corporate votes should be handed over to the managers of your fund so they can play politics. Right now, passive funds hold massive, unchecked voting blocks while having zero skin in the game themselves. It is time for a simple rewrite of the rules: We need to index the votes of index fund investors. Passive index funds should be forced to automatically split their votes to proportionately mirror those of retail and active institutional shareholders — the people actually doing the research, risking their capital, and fighting for performance in the companies they hold shares in. No more rubber-stamping. A change like this will immediately strip corrupt gatekeepers like ISS of their toxic influence. True accountability happens when lazy, overpaid boards actually answer to the stakeholders they represent, rather than screwing them over. Actual, logic-driven governance when your money is passive happens when your vote passively follows the voting decisions of the actual market. We need to stop letting passive capital protect active incompetence. By stripping index funds of their arbitrary voting power and empowering engaged investors, we will finally torch corporate cronyism and usher American capital markets into a golden age of capitalism.
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Hi. 🇺🇸 retweeted
That’s how making a startup succeed goes
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Hi. 🇺🇸 retweeted
As interesting as "How it's Made" is, sometimes I really want to know more about how the stuff that makes the stuff actually works! Like, who's the guy who thinks this up? Some autistic genius or a mechanical engineer? Or both?
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Hi. 🇺🇸 retweeted
Palmer Luckey: Patents are Chinese instruction manuals that get downloaded and copied every single morning. "Stop patenting everything. You're taking your most valuable stuff, the entire patent office can be downloaded every single morning and then ripped off." "For 20 years or so, between when you file for a patent and when somebody could launch a product, China could just rip it off right away. Western companies can only rip it off after 20 years." "I don't hardly get patents anymore. There's a few things here and there, mostly defensively, because our patent system allows people to sue you when they think you're infringing." "We need to massively expand the national security patent process. You can obtain a classified patent, you get exclusivity on the rights without disclosing it to anyone. A lot of the things Google patents around artificial intelligence are of national security importance. They should be allowed to get a patent, and it should absolutely not be disclosed publicly." "Maybe I can't buy 20 years, but maybe I can buy one, two, three. If I could buy a year, that would be enough to make more of the effort worthwhile." PS. If you found value in this post make sure to like and repost this tweet + follow @uncover_ai to stay updated with the latest AI news. See you in the next one:
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This is how dangerous a CT scan machine looks without its outer casing
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Hi. 🇺🇸 retweeted
If a rando nurse practitioner can bilk our government for nearly a billion dollars, I think it’s safe to say we’ve probably lost trillions over the lifespan of these social welfare programs.
A Las Vegas nurse practitioner bought a $594,000 Ferrari and a $4.6 million beach resort in the Philippines while allegedly running a $906 million fraud scheme that targeted elderly hospice patients for unneeded procedures. Marizel Yukee has been indicted in the biggest health care fraud takedown in US history. Feds seized 8 cars, $467K cash, and several Nevada properties — including a house on (no joke) Money Street in Pahrump.
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Hi. 🇺🇸 retweeted
You need an ID to verify your residency at Barack Obama’s Presidential library but not to verify your identity and citizenship to vote in U.S. elections. Got it.
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Hi. 🇺🇸 retweeted
never waste a good crisis
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Hi. 🇺🇸 retweeted
A Stanford psychologist spent 4 years proving that the simple act of walking generates 60% more creative ideas than sitting, and the experiment she designed to kill every alternative explanation is one of the most decisive findings in modern psychology. Her name is Marily Oppezzo. She got the idea for the study while walking with her advisor at Stanford to discuss her thesis topic, and the paper she eventually published in the Journal of Experimental Psychology in 2014 is sharp enough that it should have ended the seated meeting on the day it came out. She ran 4 experiments on 176 people. Same person tested twice. Once sitting, once walking. The creativity tasks were the standard ones psychologists have used for decades to measure how good a brain is at generating novel useful ideas. The result was almost too clean to publish. 81% of participants in the first experiment produced more creative ideas while walking than while sitting. In the second experiment, 88%. In the third, 100%. Every single person walked into a more creative version of themselves. On average, people generated 60% more novel useful ideas the moment their legs started moving. The skeptical question is the obvious one. Maybe it was the fresh air. Maybe it was the scenery passing by. Maybe it was the change of environment doing the work, not the walking itself. Oppezzo killed every one of those explanations with one experimental decision. She put people on a treadmill facing a blank wall. No scenery. No fresh air. No environmental change. Just legs moving in place while staring at white drywall. The 60% boost held. Then she ran the experiment that closed the case completely. She took participants outside in two conditions. Half of them walked through a Stanford courtyard. The other half were pushed through the exact same courtyard in a wheelchair. Same outdoor stimulation. Same scenery passing at the same speed. The only difference was whether the legs were moving. The walkers produced dramatically more novel high-quality ideas than the wheelchair group. The outdoors did almost nothing on its own. The walking did everything. This is the part of the study that hit hardest when I read it the first time. She also tested the opposite kind of thinking. Convergent thinking. The kind where there is one right answer and you have to narrow down to it. Word puzzles where 3 words share a hidden fourth word that connects them. The seated participants did slightly better on these. Walkers got slightly worse. Walking is not a general intelligence enhancer. It does one specific thing. It opens up the divergent search inside your brain. The part that generates options. The part that produces unexpected connections. The part that takes a problem and finds five ways into it instead of one. When you need to converge on the single right answer, sit down. When you need to find the answer in the first place, get up. The mechanism is now well understood. Walking selectively activates what neuroscientists call the default mode network, the system inside your brain that runs when you are not consciously focused on anything. The DMN is where mind-wandering happens. Where memories cross-reference each other. Where ideas that have been sitting in separate folders inside your head finally bump into each other. When you sit at a desk and force yourself to concentrate, you suppress the DMN. When you walk at a natural pace, the executive part of your brain gets just busy enough handling the walking that the DMN comes online and starts doing the work that focus was blocking. The most useful finding in the entire paper is the one almost nobody quotes. The boost did not turn off the moment people stopped walking. Participants who walked first and then sat back down stayed elevated. Their next round of seated creativity work was still significantly better than people who had been sitting the whole time. The rest lingered for at least several minutes after the legs stopped moving. You do not need to do creative work while walking. You need to walk before the creative work. The brain holds the state. The history of this is the part that should haunt anyone who still does meetings in chairs. Charles Darwin built a gravel loop behind his house in Kent called the Sandwalk and walked it 3 times a day for the rest of his life. The theory of evolution was developed one lap at a time on that path. Nietzsche walked up to 10 hours a day during the years he wrote his most important books and openly said the work was conceived on his feet. Beethoven composed for the morning and walked for 5 hours every afternoon with a pencil in his pocket for when something landed. Kahneman said the best thinking of his Nobel Prize-winning career happened on leisurely walks with Amos Tversky. Steve Jobs refused to take important conversations sitting down. He held them on foot. Every one of them was using the system Oppezzo would not measure until 2014. They just did not know what to call it. The question worth sitting with is the one almost nobody asks. Every meeting you have ever attended sitting around a table was a meeting held at a fraction of the brain power that was actually available to the people in the room. Every brainstorm that got stuck inside a conference room. Every problem you tried to solve at a desk and gave up on. Every idea you could not quite get to. The intervention is the easiest one in modern science. No supplement. No app. No subscription. No training program. Just a pair of legs and 15 minutes. The Stanford lab proved it. The philosophers knew it. The neuroscience explains it. And almost everyone reading this is still trying to think their way out of problems sitting completely still.
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Hi. 🇺🇸 retweeted
Final message from a woman who was suffering from cancer
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Hi. 🇺🇸 retweeted
Gmail contains the 2FA keys to my entire life and keeps me logged in indefinitely. United rents me a chair in the sky, redeemable only with government ID, and logs me out every 30 seconds like Economy Plus is an NSA server.
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The Recruiter pretending to read your resume knowing they already picked the internal candidate
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Hi. 🇺🇸 retweeted
In case anyone was wondering why Democrat Rep Dave Min is scootering to work and not driving his car…. It’s because he was arrested for drunk driving and was sentenced to three years probation
It’s hard to miss @CongressMin on Capitol Hill — he’s the one riding the electric scooter. Now’s he’s turning his love for the speedy method of transportation into bipartisan legislation to create federal standards for e-bikes and other micro-mobility methods. @SpectrumNewsDC @SpecNews1SoCal
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Hi. 🇺🇸 retweeted
The New York Times is out here doing tragedy porn for USAID parasites and it’s the funniest sh*t I’ve seen all year. A full year after Trump killed this bloated $35 billion swamp monster, these “public servants” are still unemployed, broke, and crying about “mental trauma.” Less than half have real jobs. Boo-fucking-hoo. Sheryl Cowan was banking 272k a year as a Senior VP at a USAID-funded “nonprofit.” Last month she was interviewing for a $19/hour shift managing a spice store. Applied to 60 jobs and still unemployed. Another genius making 127k “starting up projects” is now wiping asses part-time as an adult babysitter. A queer brown immigrant “global health adviser” wailed that he was “betrayed by his government.” One dude admitted he sat by the river and cried like a little bitch. Meanwhile, their favorite grift shop ... Citizens Network for Foreign Affairs ... sucked down $70 million in taxpayer grants. $28 million went to salaries for just 100 employees. The CEO walked with $607,666. Their life-changing work? Flying around Africa to “encourage vulnerable populations to buy and consume safe and nutritious foods.” Eat a f*cking carrot people. That’ll be $70 million, thanks. This wasn’t aid. This was a disgusting circle-jerk of your money → DC bureaucrats → fake NGOs → six-figure do-nothing jobs → more reports about reports. A self-licking ice cream cone of pure parasitic grift. Now the spigot’s been ripped off the wall and the market is laughing in their faces: your overpriced, useless credentials are worth dogsh*t in the real world. No more hiding behind “soft power” while raiding the Treasury. No more building McMansions on fake jobs. The repricing has begun, and it’s glorious. Cry harder, leeches. The adult table doesn’t owe you a damn thing. Trump didn’t just cut waste ... he exposed an entire class of entitled frauds who never contributed a single productive thing in their lives. This is what winning looks like. (article below)
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