this post was submitted on 18 Apr 2024
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TechTakes

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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

This is not debate club. Unless it’s amusing debate.

For actually-good tech, you want our NotAwfulTech community

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PaulG on his failing scams (twitter.com)
submitted 7 months ago by HotGarbage@awful.systems to c/techtakes@awful.systems
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Context: https://www.consumerfinance.gov/about-us/newsroom/cfpb-takes-action-against-coding-boot-camp-bloomtech-and-ceo-austen-allred-for-deceiving-students-and-hiding-loan-costs/

Surely the CFPB has ulterior motives when they set their sights on this "school" whose Wikipedia page is 2/3 controversies: https://en.m.wikipedia.org/wiki/Bloom_Institute_of_Technology

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[–] Eiim@lemmy.blahaj.zone 4 points 7 months ago* (last edited 7 months ago)

Let me rephrase that: "Coinbase and Bloom Tech illustrate the dangers of ~~starting a startup~~ lying in a regulated industry."

Coinbase hasn't exactly lied, to my knowledge, grouping them with his stupid startup is pretty disingenuous, but he started it.