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colinmhayes
on Nov 9, 2022
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Meta lays off 11,000 people
Because it's run by an unaccountable megalomaniac who has signalled that he doesn't give a shit about his investors, not because of any fundamentals.
loeg
on Nov 9, 2022
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Bad governance is fundamental!
colinmhayes
on Nov 9, 2022
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I don't think Mark saying "we're going to focus on the metaverse instead of making money for a few years" is a meltdown. They're still making money, their earnings are still sky high, they're just spending more than they need to.
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