• 0 Posts
  • 3 Comments
Joined 1 year ago
cake
Cake day: June 12th, 2023

help-circle
  • The past 15 years of growth in anything technology adjacent has been fueled by one thing: Extremely cheap debt. Interest rates have at been rock bottom since the 2008 crisis, and they’ve only started to tick up recently. That means the ability to fund infinite growth for basically nothing, so tech companies have relied heavily on debt financing.

    Now though, that’s no longer viable. Silicon Valley Bank was very heavily involved with all these tech companies, and it went insolvent in March largely because of rising interest rates. They held a lot of long term bonds at low interest rates. In normal conditions, rising interest rates mean lower bond prices and unrealized losses, but not a major problem because they can just hold them to maturity and never realize the loss. Bank runs forced SVB to sell the bonds for huge losses though, turning unrealized losses into realized losses, and a non-issue into a major problem.

    Now that cheap debt is gone, these tech companies are desperately scrambling to attain profitability. It hasn’t been discussed much, but this is a big reason for the changes at both Twitter and Reddit.



  • In the early days of the pandemic, I got a low-tech version of that: I had one of those electric desk fans that move from left to right and back again to keep a room cool. I took an old wire coat hanger and bent it to attach one part to the fan, and one part to my mouse. As the fan moved, so did my mouse, so I always appeared active in Teams.

    Software solutions like powershell scripts are neat, but they can be detected by IT. They can’t really detect a hardware solution without a lot of digging though, and as long as I’m still getting my work done, they have no reason to dig.

    I quickly stopped caring about it though. Like OP, I go inactive for long periods of time, but fortunately, my manager is smart enough to recognize that my work’s still getting done, so he doesn’t care at all. Same thing for my direct reports: As long as we continue to meet deadlines, I don’t care if they’re working 40 hours / week or 10 hours / week.