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Joined 2 years ago
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Cake day: August 25th, 2023

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  • Can those be valued at 1Bn?

    Ok, yes, there are these examples:

    Instagram: When Facebook acquired Instagram in 2012, the company had only 13 employees and was valued at $1 billion.

    WhatsApp: When Facebook acquired WhatsApp in 2014, the company had around 55 employees, but it had previously raised funding at a valuation of $1.5 billion with a much smaller team.

    Duo Security: In 2018, Cisco acquired Duo Security for $2.35 billion. At the time of acquisition, Duo had around 10 employees.

    Nutanix: While not exactly a small startup at the time of valuation, Nutanix was valued at $1.2 billion in 2013 with around 10-15 employees.

    (disclaimer: I sourced these from gpt and have not fact checked them)







  • Yes, indeed, socialism is an intellectual offshoot of capitalism/liberalism/enlightenment (not neoliberalism, of course) that emerged as a reaction to the industrial revolution (and the French revolution, or you could go as far back as the English civil war, with the levellers) as a reaction to the wealth inequality it creates and it predates Marxism, but communism coopted the term and made it seem exclusively authoritarian (because that was supposedly the only way to beat capital).

    https://en.wikipedia.org/wiki/Socialism#Etymology

    Engels wrote that in 1848, when The Communist Manifesto was published, socialism was respectable in Europe while communism was not. The Owenites in England and the Fourierists in France were considered respectable socialists while working-class movements that “proclaimed the necessity of total social change” denoted themselves communists.[54] This branch of socialism produced the communist work of Étienne Cabet in France and Wilhelm Weitling in Germany.[55] British moral philosopher John Stuart Mill discussed a form of economic socialism within free market. In later editions of his Principles of Political Economy (1848), Mill posited that “as far as economic theory was concerned, there is nothing in principle in economic theory that precludes an economic order based on socialist policies”[56][57] and promoted substituting capitalist businesses with worker cooperatives.[58] While democrats looked to the Revolutions of 1848 as a democratic revolution which in the long run ensured liberty, equality, and fraternity, Marxists denounced it as a betrayal of working-class ideals by a bourgeoisie indifferent to the proletariat.[59]







  • Democratic market socialism is a perfectly moderate ideology (too moderate, because often it lets the market win over and the democracy decay). You can also consider weekends, paid leave, women’s vote, public education, healthcare, public media and social security as socialist policies. It is one of the main political currents founding the EU and in South America. Only in the US is it used to describe radicals or as an insult.

    I’m even reluctant to point this out to magats now, because they never get the point and may even get it in their head that these are the things to destroy wherever they exist, just because they’re socialist in origin.