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March 04, 2008
money can't save
Citigroup is an interesting story to watch. First, it's a public company so it's messiness is out there for everyone to see. Second, what happened to the company is happening to many other companies. For example, Fremont. Third, the event, subprime write-down, that is causing its troubles was a surprise.
Lessons: A cursory or even a good look at financial statements will never tell you the whole story. Capitalization is really important. People who don't pay their bills can pull down entire companies and significantly affect the economy.
I hope they do pull through but I don't think Citigroup is at their bottom yet.
Facebook and Google duke it out over people. If this Wiki article is true, Facebook would be the largest instance of MySQL use that I've ever seen. More realistically, it would be several database platforms being used but who knows? Facebook Engineer blog. I was wondering about the subdomain.
Blast from the past info, several US firms unsuccessfully tried to build MySQL support companies. MySQL AB seemed to have won that battle.
What would the world be like if public companies also had to disclose their technology platforms?
Posted by azileretsis at March 4, 2008 02:51 PM
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