site banner

Culture War Roundup for the week of July 15, 2024

This weekly roundup thread is intended for all culture war posts. 'Culture war' is vaguely defined, but it basically means controversial issues that fall along set tribal lines. Arguments over culture war issues generate a lot of heat and little light, and few deeply entrenched people ever change their minds. This thread is for voicing opinions and analyzing the state of the discussion while trying to optimize for light over heat.

Optimistically, we think that engaging with people you disagree with is worth your time, and so is being nice! Pessimistically, there are many dynamics that can lead discussions on Culture War topics to become unproductive. There's a human tendency to divide along tribal lines, praising your ingroup and vilifying your outgroup - and if you think you find it easy to criticize your ingroup, then it may be that your outgroup is not who you think it is. Extremists with opposing positions can feed off each other, highlighting each other's worst points to justify their own angry rhetoric, which becomes in turn a new example of bad behavior for the other side to highlight.

We would like to avoid these negative dynamics. Accordingly, we ask that you do not use this thread for waging the Culture War. Examples of waging the Culture War:

  • Shaming.

  • Attempting to 'build consensus' or enforce ideological conformity.

  • Making sweeping generalizations to vilify a group you dislike.

  • Recruiting for a cause.

  • Posting links that could be summarized as 'Boo outgroup!' Basically, if your content is 'Can you believe what Those People did this week?' then you should either refrain from posting, or do some very patient work to contextualize and/or steel-man the relevant viewpoint.

In general, you should argue to understand, not to win. This thread is not territory to be claimed by one group or another; indeed, the aim is to have many different viewpoints represented here. Thus, we also ask that you follow some guidelines:

  • Speak plainly. Avoid sarcasm and mockery. When disagreeing with someone, state your objections explicitly.

  • Be as precise and charitable as you can. Don't paraphrase unflatteringly.

  • Don't imply that someone said something they did not say, even if you think it follows from what they said.

  • Write like everyone is reading and you want them to be included in the discussion.

On an ad hoc basis, the mods will try to compile a list of the best posts/comments from the previous week, posted in Quality Contribution threads and archived at /r/TheThread. You may nominate a comment for this list by clicking on 'report' at the bottom of the post and typing 'Actually a quality contribution' as the report reason.

9
Jump in the discussion.

No email address required.

I think the problem is that "good job" doesn't mean "not messing up" in the context of these compliance-as-a-service or security-blanket-as-a-service companies. Instead, "good job" is "implement as many features as possible to a level where it's not literally fraud to claim your product has thay feature, and then have a longer checklist of supported features in your product than the competition has so the MBA types choose your product".

CrowdStrike's stock price is only down by about 10% today on one of the highest-impact and highest-profile incidents of this type I've seen. I'm pretty sure their culture of "ship it even if it's janky and broken" has netted them more than a 10% increase in net revenue, so it's probably net positive to have that kind of culture.

Their net revenue is under a billion a year. The total economic damage caused by this single bug is almost certainly larger than the total net income of the entire history of the company. In fact, it is almost certainly larger than the total gross income of the entire history of the company. I do not know where the valuation is coming from, but it certainly isn't from their revenue figures.

Lol P/E of 644.

But it's a hyper-growth company bro, surely they'll be able to pivot to making money once they've captured the full market bro.

Yeah but if they're not liable what relevance does that have to their share price?

I don't know if they're liable or not. I doubt Crowdstrike knows if they're liable or not.