Alexander Osipovich, reporting for The Wall Street Journal (News+ link):
Berkshire Hathaway Inc. is trading at more than $421,000 per Class
A share, and the market is optimistic. That’s a problem. […] On
Tuesday, Nasdaq Inc. temporarily suspended broadcasting prices for
Class A shares of Berkshire over several popular data feeds. Such
feeds provide real-time price updates for a number of online
brokerages and finance websites.
Nasdaq’s computers can only count so high because of the compact
digital format they use for communicating prices. The biggest
number they can handle is $429,496.7295. Nasdaq is rushing to
finish an upgrade later this month that would fix the problem.
That number will look familiar to the programmers among you: it’s the limit of an unsigned 32-bit integer. Using 32-bit integers for share prices, with four digits reserved for decimals, isn’t that crazy, though, given that no other stock in the U.S. has a share price that’s even close to the limit:
The U.S. stock with the second-highest share price, home builder
NVR Inc., is trading just above $5,100 a share. Using compact
formats that take up less memory can make software more efficient,
a high priority in the world of electronic stock trading.
At the root of the problem is Mr. Buffett’s decadeslong refusal to
execute a stock split of Berkshire’s Class A shares. The
90-year-old billionaire has signed birthday cards to friends with
the message, “May you live until Berkshire splits,” according to
Tony Haile, writing yesterday at the Nuzzel blog:
Simply cloning a service conceived in 2012 doesn’t make a ton of
sense. Instead we’re going to spend a little time working out how
the best of Nuzzel should be expressed in 2021. There may be
elements of Nuzzel that also belong in the Twitter app or that can
take advantage of new internal APIs.
In the meantime, Nuzzel’s app, site and email service will go
dark. To those of you who love Nuzzel and are disappointed that
we can’t maintain Nuzzel as-is in the interim, I’m as
disappointed as you. We explored any number of Hail Marys to make
that happen and just couldn’t get there. Looking to the future,
Nuzzel’s functionality has always felt like it should be a part
of Twitter and I’m excited to help make it so. If you want to
help, let us know.
Nuzzel is probably the best Twitter service that most of you have never heard of. The basic idea behind Nuzzel is (was?) that you signed in with your Twitter account, and rather than show you tweets from the people you follow, like a Twitter client would, it showed you links that were posted by the people you follow, sorted by how many people had shared the same article. It’s a remarkably effective way to find good articles. If I had to guess, I’d say I’ve posted thousands of linked list items here on Daring Fireball that discovered via Nuzzel over the years. There’s nothing else quite like it, so here’s hoping Twitter can surface something very similar post-acquisition. (I’m not holding my breath.)
Nuzzel has been since it launched nearly the only app I’ve ever
let put notifications on my lock screen, and something I consult
20 to 50 times a day. I don’t blame Twitter, though: the model
didn’t pan out (though I would have paid $25–$50 a year as a
Add me to the list of people bummed that Nuzzel is shutting down
on Thursday after Twitter acquired Scroll, its parent company. It
was really good at surfacing popular links and articles from your
I, of course, found out about this story via Nuzzel, an app I use
multiple times a day. This is going to upset my entire news
Anita Butler and Alberto Parrella, writing on Twitter’s product blog:
People come to Twitter to talk about what’s happening, and
sometimes conversations about things we care about can get intense
and people say things in the moment they might regret later.
That’s why in 2020, we tested
that encouraged people to pause and reconsider a potentially
harmful or offensive reply before they hit send.
Based on feedback and learnings from those tests, we’ve made
improvements to the systems that decide when and how these
reminders are sent. Starting today, we’re rolling these improved
prompts out across iOS and Android, starting with accounts that
have enabled English-language settings.
Somewhere in this, there’s a parody of Mean Streets called Mean Tweets waiting to happen.
Mike Isaac, reporting for The New York Times:
Facebook’s Oversight Board, which acts as a quasi-court to deliberate the company’s content decisions, said the social network was right to bar Mr. Trump after he used the site to foment an insurrection in Washington in January. The panel said the ongoing risk of violence “justified” the suspension. But the board also said that Facebook’s penalty of an indefinite suspension was “not appropriate,” and that the company should apply a “defined penalty.” The board gave Facebook six months to make its final decision on Mr. Trump’s account status. […]
But while Mr. Trump’s Facebook account remains suspended for now, it does not mean that he will not be able to return to the social network at all once the company reviews its action. On Tuesday, Mr. Trump had unveiled a new site, “From the desk of Donald J. Trump,” to communicate with his supporters. It looked much like a Twitter feed, complete with posts written by Mr. Trump that could be shared on Facebook, Twitter and YouTube.
The word is blog. He doesn’t have a “new communications platform” — he has a blog. Which is good! He should have had a blog like this all along. This is exactly why being kicked off Twitter and suspended from Facebook doesn’t silence or censor Trump, in the same way that being banned from a restaurant doesn’t starve someone.