Listen: Instagram, Goldman Sachs, Apple discussed on No Agenda
"Just for the grand actually. Don't post as much as I used to just because even the comments give me anxiety sometimes years so hung up on what people are like. You're kind of forgetting about really what was instagram. All about to again. What instagram's experiment could soon become a reality for? Everyone like it or not there so I don't know if that's because they can't handle displaying. The number of likes seem into want to display it for the. Let me stop you before you go on with that thesis. Because I think quite possibly could be taking a bit of the load off and I'll tell you a story is the person that told me this. And apparently this goes news all the time but most of the CEO's of airlines don't fly on their airlines anymore but they used to and this guy was a friend of mine and apparently this happened a lot. There was a guy that used to be the CEO. Of American Airlines Crawford Kramer or something like that. He was a very famous. CEO has blowhard and he was. The Guy was talking about the first class. He's talking to him. He says well you know the food used to be better later and this and this guy the CEO says you know we used to put to olives on this meal and we only put one olive von now and that saved US three million dollars a year. No kidding and you take this one and this and this little things do add up and I believe I believe that that scales right to these these systems and so they have to. They had the little thing like taking the likes off probably saves them a lot of server space and it saves them some computation and I think it probably does take a enough is like taking the olive off. It's like it's the olive theory theory. Lee Oliver Well Cardi B. Ochre. Who isn't authority when it comes to instagram? And she's very successful. She's she has is a lot wealthier than we are She has some. She posted an instagram. She posted something to us inside the story instead story about the lives and she talks weird but she's worth listening to because she's still approaching this from a mental health is perspective not the olive theory But she she makes a good comment about some other changes. That have occurred to instagram. which she feels have ruined the a product and she's an expert being rockies announced on instagram? Away is my my opinion on from the beginning we have an making the beginning of Iran and was as long as you can see pictures. Think back victim and took a weird sermon was when people harm means when you the priming or reply bank I people started at the same nasty being outta hand. You know. It's hard to listen to. But she's making a good point that instagram used to be just you. You post a picture and there was a list of comments underneath now. You can comment on comments and you can like comments and I think that may be more important important is if you have to display account shoot. Youtube doesn't even update their counseling. Real time we know that I it may just be an all of problem. It certainly it certainly very disruptive for and that's it's in a way it's like with by the way I had in his. I have an instagram account. I had one. I've had one for says early inception of the service but it's on on some old phone. I've never ever even posted anything but I go there once. Well Look People's pictures or something along those lines but I didn't know they were letting you like comments. It's yeah I don't know I checked it this morning so it is possible but yeah you can like comments another still not G as we had kerfuffle car foll- now every every company in Silicon Valley wants to be your bank. I think we've we've mentioned this for several years. Now that is always the ultimate and now we we know that Google plans to offer checking accounts. Face bag wants to give you face bag. The balloons and everyone wants to be your bank and not only that they wanna be your medical provider and this one I have your whole life and you're holding that in your hands with that stupid smartphone which you should throw away you really and I have some on Sunday. I have some thoughts for people who want to live the Otiji lifestyle L. Hiking get into it cost effectively and how it will if you have phone addiction which most of us do How it will save you from that? And so I'm working on a little segment but the latest FAFA L- was the apple credit card which is back office by Goldman Sachs Who by the way are ERC? Did they didn't get the credit for it. They kind of happy. Now I think because Well the AL goes that are determining credit limits are are biased apple calls simple and secure credit card created by metabank but apple and partner Goldman Sachs are now accused of gender bias software developer and millionaire David Heino Meyer Hansen says he and his wife Cher assets and income but apple cart gave him a credit line. Twenty Twenty Times higher than hers. Even though she has a higher credit score it seemed very discriminatory that I would get twenty times the credit limit even though our stats with the same Goldman says a computer algorithm made the decision when Hanson vented on twitter. Social media erupted with similar stories. Even the man who co-founded Apple Steve Wozniak says he got ten times. The credit limit that his wife Janet God was so low I could barely phone Arab plane ticket and I buy all of his plane tickets Eh. Always think in terms of assets and income and it's the same for both of us and that should determine your credit worthiness Goldman Sachs. APPLE'S FINANCIAL PARTNER SAYS Gender and marital status are not factors. We look at an individual's income and an individual's credit worthiness which includes factors like personal credit scores. How much debt you have? And how that debt has been managed consumer advocates say algorithm bias. is nothing new. We've seen it in housing. We've seen it in hiring we've seen thank healthcare tonight. The WOZNIAK say Goldman Sachs's offer to increase Janet limit as New York state regulators. Look into whether this credit card algorithm has an illegal illegal gender bias. First of all I find it very sad. That people are actually angry about how much in debt they can go. I just incredibly really sad I mean get it get a debit card if you want no limit if you've got the money but okay or get an American Express card or it's just you know arguing. Aw Oh I'm so great I can go up to one hundred thousand dollars in debt. Okie dokie good on you. Of course if you really want to know what's going on if you want the true through answers and technology we all know there's only one queen it's gotta be carriage Swisher. Who could tell us what's really going on? Really kind of speaks to the fact that yes and algorithm involves computers involves machines."