pancakes

MicrostockGroup Sponsors


Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - gbalex

Pages: 1 ... 4 5 6 7 8 [9] 10 11 12 13 14 ... 64
201
Shutterstock.com / Re: Oringer gets $28 million grant
« on: May 09, 2015, 16:53 »
I warned everybody over and over and over again years ago to prepare for what was coming. I wonder if anyone listened.


There are still a large number of people who will defend any action they take as you can see by the negative votes you received. It is called believing what you want to happen in lieu of looking at reality.


202
Shutterstock.com / Re: Oringer gets $28 million grant
« on: May 09, 2015, 09:54 »
Well said and once the mass of IS defectors have hit .38 they will start to understand that the new bump carrot is a temporary mirage.

They can and will pull the search plug, just as they did with the contributors who were instrumental in helping shutterstock achieve success.


203
is that all MSG members?

The response or lack of, tell us everything we need to know about the future of micro.

204
They should monitor and manage reviewer performance based on the tsunami of complaints from real people who supported SS to get where they are now, instead of relying on data-driven drivel.

Yes their new application seems to have blatant flaws as evidenced by contributor real time experience.

205
SO....Robots are reviewing.lol probably just want to automate everything. Trouble is they can't automate us.

I don't think they are saying Robots are reviewing rather they are saying they are using statistically based sampling methods to audit quality.

I agree they seem to be talking about a data-driven application which audits, monitors and manages reviewer performance.

"we have further upgraded the ways that we review content by introducing innovative data-driven auditing to monitor and manage reviewer performance'

206
General Stock Discussion / Re: April 2015 Earnings
« on: May 07, 2015, 22:37 »
But I doubt the theories claiming that specific ports or contributors are treated preferentially. It would be counterproductive to favor ports as whole instead individual images. All agencies have all the incentives to present their best images in front of the customers. Who cares who made that photo?
You're wrong. So wrong...

His ranking comment was port specific in regard to quality, type of content which fit buyer needs. He did not elaborate further. I wish I could find the video again.

207
Whatever is happening is a result of a policy shift integrated with some form of automation. And it doesnt work and they dont care. With a bazillion images they are in a position of sustainability so to cut costs through inspection labor only adds to the bottom line. And they can simply afford the defection of uploads as a consequence of their failed system.

Its all about shareholder wealth.


We all judge the process by our experiences. To date I have not experienced an increase in rejections.

That does not mean that others are not, they could be testing segments of our population and have not rolled this out for everyone. When I experienced a downturn in sales a small segment of my friends experienced the same, over time that changed and more of us have been hit.

In any case I agree that they do not care on any level how their actions affect our workflows or income. I am more convinced everyday that my passion for stock is counter productive to my overall goals.

208
General Stock Discussion / Re: April 2015 Earnings
« on: May 07, 2015, 19:30 »
No proof of course. Despite marketing the only difference between the micros is their inhouse technology mainly their search engine you can be assured that everyone that have proof had signed a waterproof NDA!

I watched a vid of a presentation from one of their programmers to a outside group of local programmers. He hinted that there was a ranking system in regard to content. He did not elaborate in any way as to how or why the images were ranked.

209
How is the statement an oxymoron, exactly?

If you work for shutterstock and are familiar with the process as well as the review attributes which they collect and utilize while compiling review data for this database; you would not need to guess.

If you are guessing in regard to shutterstock's review processes, are not intimately part of the process and have no knowledge of the details or review attributes collected and monitored.

Then your statement "Knowing SS they've taken a look at the percentage of rejections averaged over the years" is an oxymoron to your first statement "All I can do is guess."

210
All I can do is guess. Knowing SS they've taken a look at the percentage of rejections averaged over the years.

In the end we are left with the above oxymoron.

Without actually being involved in shutterstock's review or content screening process; we are left to guess.

Based on shutterstocks statement all we actually know for sure, is that the process involves storing undefined data or attributes for each review in a database.

We could take a leap and also assume that they use data driven database queries to analyze that data, combined with review statistic's which they have already collected .

211
The question I am asking myself - Do the agencies deserve higher quality content and is it my best interest to provide it to them?

The answer is a resounding NO.
I am not talking about Shutterstock, but about Stocksy or other midstock agencies. Just a question, have you stopped submitting to SS and the other micros that dont pay you enough?

To a large degree Yes, I do not see micro as a productive way to spend my resources. There are too many contributors who are willing to sell the farm in the race to the bottom.

212
The question I am asking myself - Do the agencies deserve higher quality content and is it my best interest to provide it to them?

The answer is a resounding NO.

213
Shutterstock.com / Re: Oringer gets $28 million grant
« on: May 06, 2015, 11:49 »
Thank you for confirming the facts. He makes $1 a year.

The grant included $21.6 million in options and $5.87 million in restricted stock that would vest in 2019 if he remains employed and achieves certain performance requirements, according to its latest proxy filing.

Why Tax-Smart Billionaires Work For $1   

The non-cash equity-based compensation plus $1 salary ensures that the CEO will be looking out for shareholders.

When CEO's earn significant compensation from their companies paid almost entirely in stock options, they do so to make sure that the CEO will focus on inflating the value of the companys stock.  Compensation tied to performance is a good deal for both company and exec for multiple reasons.

It is also a  tax game. The IRS  has labeled excessively high CEO compensation unreasonable and as a result they have levied extra taxes against them.  And excessive salary's cant be deducted from the companys taxes. In fact, most public companies face a limit on pay deductions of $1 million per employee.

Problems always have solutions and the bean counters and attorneys have devised the $1 wage to avoid the compensation tax problem.

When an executive takes $1 cash compensation plus considerable non-cash compensation like options and stock, the IRS levies significantly less taxes. Companies leverage this tax advantage by paying key players with options, stock and dividends not as pay, the tax rates on these are better than a straight forward salary. Whats more, the taxes on non-cash equity-based stock compensation are shared by the employer and the employee.

214
Shutterstock.com / Re: Oringer gets $28 million grant
« on: May 05, 2015, 14:56 »
The grant included $21.6 million in options and $5.87 million in restricted stock that would vest in 2019 if he remains employed and achieves certain performance requirements, according to its latest proxy filing.

If I compare these prices to what I still see

199 euro for 750 month = 0.27 c/i
165 euro for 350 month = 0.47 c/i

Shutterstock gave themselves a 20 cent raise per image. And nuttin' for us. So it seems.

New pricing?


Old pricing

Stiffed us and now Shutterstock is sneaking in hidden royalty decreases.



215
Not claiming anything to be fact but if I compare these prices to what I still see

199 euro for 750 month = 0.27 c/i
165 euro for 350 month = 0.47 c/i

Shutterstock gave themselves a 20 cent raise per image. And nuttin' for us. So it seems.

New pricing?


Old pricing

They stiffed us on the raise and now they are sneaking in hidden royalty decreases.


216
Anything to gain market share, ever downward for the benefit of the chosen golden few!

217
Shutterstock.com / Re: Oringer gets $28 million grant
« on: May 01, 2015, 13:29 »
so who's the math genius here...
what is $28 million divided by the number of ss contributors???
expect that to be added to each of our may's earning
as profit-sharing or just plain decent share-the-wealth
with those who really made you rich(er)

p.s. thx arenacreative for the moving ants idea, i like them better than just color and size

$28,000,000  /  70,000+ active contributors  = $400 

You forgot to include the larger bonus Jon took just after the IPO and the one after that. 

And you forgot to add in SSTK stock options at a cost to key players & Insight Venture Capitol of $0.

I quit keeping track months ago, but at that time the key players excluding Jon have granted themselves 16,356,140 shares of SSTK stock at a cost to themselves of $0.

If they disposed of it at an average share price of $70 that would amount to $1,144,929,800.00

Then you need to add in the millions Jon pulled out soon after the IPO

Given the reality of the situation $400 is way off!

218
Shutterstock.com / Re: Oringer gets $28 million grant
« on: May 01, 2015, 13:00 »
You can certainly award yourself a premium bonus each year when you have taken care of your business and that includes paying your suppliers sustainable royalty rates.

From the start Jon raised royalties each year and that helped contributors deal with business expenses, inflation etc. When the downturn hit contributors did not complain when Jon failed to raise rates, because we assumed his business had been hit hard by the downturn just like we had.

In reality he was making millions and while doing so he took additional profits our of our naive hides.  Until 2008 the majority of contributors did ask for raises each year and would have continued if they had know Jon was making millions more each year using assets we produced and funded.   


219
Shutterstock.com / Re: Oringer gets $28 million grant
« on: April 30, 2015, 19:34 »
Jon is no Dan Price

What we can learn from the CEO who took a 93% pay cut to give his team a raise
http://money.cnn.com/2015/04/14/news/companies/ceo-pay-cuts-pay-increases/

"Ask yourself what is the right thing for you to do"

220
Shutterstock.com / Re: Oringer gets $28 million grant
« on: April 30, 2015, 19:28 »
quote of the article:

The stock award was designed "with the objectives of retaining and motivating him while providing a strong pay-for-performance element"

Given the lack of pay raises commented now and again by contributors, it seems that contributors don't need to be retained or motivated.

That was my first thought on reading that.

But after you have your first few million, I don't think loads more money would be motivating. I think that's when you can pursue other values.

He pulled more than that out of the company before they went public. And more after that. Someone who cares about their company, its employees and suppliers does not need money to stay motivated.

He sold us out for money, plain and simple.

221
Shutterstock.com / Re: New approved batches not showing up
« on: April 28, 2015, 14:38 »
Image approved this morning already online. The others images are not there yet approved 2 days ago. That's not good. They're dead and buried when they get online.

Oh, really? then it's better to delete and resubmit them. I'm waiting for 3 days now.  >:(

There have been lags of more than two weeks reported in the main missing image bug thread and shutterstocks official response was to say that deletions/resubmissions are explicitly forbidden.

Basically if our/SS system is faulty and your images do not sell because they become buried TS.

222
This is a new one - for me anyway:

Foreign Text -- An English translation is required for non-English text that appears in an image. Please provide translations in the title field. Note that images with large amounts of foreign text cannot be accepted.

I don't speak or read Chinese so I'm fracked on my Chinatown editorial images....Not that it matters since they also clobbered me with composition and trademark....I'm fully confident I will achieve a full house of rejections for one image in the very near future.

I've had a few of those, too. I would just resubmit with a note...in the old days.  Now you can't write a note. Not trying to hijack this thread but I am more and more convinced that Scott left Shutterstock because he knew what was coming and wanted no part of it. If that's true, pure class & integrity on his part.

I have been thinking the same thing. At least he attempted to communicate with us. I used to feel sorry for him, as I had the distinct feeling his hands were tied in regard to what he could do for us.

223
Profit/greed is a nasty filthy thing. We all love having  money but it brings the worst out of people and companies. 3 letters that will change everything. I P O

I quit keeping track months ago but at that time the key players excluding Jon have granted themselves 16,356,140 shares of SSTK stock at a cost to themselves of $0.

If they disposed of it at an average share price of $70 that would amount to $1,144,929,800

The last thing on their minds is the welfare of contributors, their biggest concern is driving stock prices up, as they are in this for the short term.


224
iStockPhoto.com / Re: iStock | 15 Year Anniversary
« on: April 26, 2015, 13:13 »
Maybe it's a loss  for some that the forum will be gone but let's put in a prayer that they will get rid of that ubermuppet Lobo in the process.

I personally have never understood why they keep him. Even when he is attempting to be helpful he is still a snark. As far as I am concerned he does more damage than good.

It is called Trickle-down management. The fact that management condones Lobo's actions and attitudes toward contributors tells you a great deal about the mindset of uppermanagment.

The contempt for contributors has been thick on many sites for years. The business actions they take or don't take, the bugs they do not fix etc etc tell you everything we need to know about who they are.

225
iStockPhoto.com / Re: iStock | 15 Year Anniversary
« on: April 25, 2015, 14:46 »
Quote
I hope they keep the old forums as an online archive somewhere and dont begin the next 15 years by destroying their own history.

Fotolia and SS are doing a much better job at community building these days and it shows in their commercial success as well. These things go hand in hand. Understanding people goes all around, from customers to suppliers and the contributors are both.

I would say the majority of the microstock community has become immune to Microstock Kool-Aid.  The sites do appreciate wooo yay comments, which facilitate attracting new contributors to the table.

However wooo yay's are few are far between on any of the site forums these days and forums are losing their luster in regard to owners.




Pages: 1 ... 4 5 6 7 8 [9] 10 11 12 13 14 ... 64

Sponsors

Mega Bundle of 5,900+ Professional Lightroom Presets

Microstock Poll Results

Sponsors