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Trump extends the TikTok ban deadline for a third time; there is no legal basis for the extensions and it is unclear how many times the deadline can be extended

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    L
    I believe that's what a write down generally reflects: The asset is now worth less than its previous book value. Resale value isn't the most accurate way to look at it, but it generally works for explaining it: If I bought a tool for 100€, I'd book it as 100€ worth of tools. If I wanted to sell it again after using it for a while, I'd get less than those 100€ back for it, so I'd write down that difference as a loss. With buying / depreciating / selling companies instead of tools, things become more complex, but the basic idea still holds: If the whole of the company's value goes down, you write down the difference too. So unless these guys bought it for five times its value, they'll have paid less for it than they originally got.
  • For All That Is Good About Humankind, Ban Smartphones

    Technology technology
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    D
    Appreciated, but do you think the authorities want to win the war on drugs?
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    Active ISA would be a disaster. My fairly modern car is unable to reliably detect posted or implied speed limits. Sometimes it overshoots by more than double and sometimes it mandates more than 3/4 slower. The problem is the way it is and will have to be done is by means of optical detection. GPS speed measurement can also be surprisingly unreliable. Especially in underground settings like long pass-unders and tunnels. If the system would be based on something reliable like local wireless communications between speed limit postings it would be a different issue - would also come with a significant risc of abuse though. Also the passive ISA was the first thing I disabled. And I abide by posted speed limits.
  • I am disappointed in the AI discourse

    Technology technology
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    artocode404@lemmy.dbzer0.comA
    I apologize that apparently Lemmy/Reddit people do not have enough self-awareness to accept good criticism, especially if it was just automatically generated and have downloaded that to oblivion. Though I don't really think you should respond to comments with a chatGPT link, not exactly helpful. Comes off a tad bit AI Bro...
  • Big Tech Wants to Become Its Own Bank

    Technology technology
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    B
    I know, I was just being snarky
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    sfxrlz@lemmy.dbzer0.comS
    As a Star Wars yellowtext: „In the final days of the senate, senator organa…“
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