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Or there are business lines that have no hope of ever being sustainable, and as a private business that has to earn a profit to survive, it makes sense to stop

Or there are business lines that have no hope of ever being sustainable, and as a private business that has to earn a profit to survive, it makes sense to stop throwing money away.

contravariant 3y ago
It probably doesn't help that the bar for sustainability was raised from 'generates any profit, ever' to 'generates a few % profit per USD invested each year, eventually'.
- robertlagrant 3y ago
  > the bar for sustainability was raised from 'generates any profit, ever' to 'generates a few % profit per USD invested each year, eventually Those sound as though they overlap
  - contravariant 3y ago
    Well it's not as if it's changed massively, but it turns out quite a lot of stuff fit in the small gap between both definitions.
- lotsofpulp 3y ago
  How much do you need your 401k/IRA to go up each year? How much does your city/state need its pension investments to go up each year? The productivity of the future (or now) has already been borrowed from, and it has to be delivered on, even if only nominally.
pydry 3y ago
Speaking of business lines that have no hope of ever being profitable, I'm still waiting them to cancel the metaverse project, but it still looks like Zuck's ego >>> the appearance of future profitability >>> the people who actually make facebook's core competences function. The more people they lay off while keeping that dumpster fire going the more alarm bells go off in my head around the long term viability of their stock. It definitely doesn't belong in a pension. Its fashionable among herd mentality investors now to do noisy lay-offs, but the smart money is probably quietly hiring these days.
- re-thc 3y ago
  The Metaverse isn’t going anywhere, like it or not.
  - kibwen 3y ago
    Amusingly, there are two ways to read this comment.
    - andsoitis 3y ago
      There's also a third interpretation.
      - confidantlake 3y ago
        explain?
        andsoitis 3y ago
        "isn’t going anywhere" can mean: a) it isn't making progress b) it isn't going away c) you can count on it
    - rightbyte 3y ago
      Hah, ye. I think the "it is not here and will not move" interpretation is the most valid one.
- eclipxe 3y ago
  The metaverse efforts at Meta isn’t just one project. It’s a massive org with multiple VPs driving many many different product lines. It’s not going anywhere.
  - asveikau 3y ago
    They're laying off many, many people in several waves and if you are correct the fact that they've hired a lot of people is still an obstacle, or justification to do something that does not make sense. That's funny. And sounds like them.

Or there are business lines that have no hope of ever being sustainable, and as a private business that has to earn a profit to survive, it makes sense to stop throwing money away.

contravariant 3y ago

It probably doesn't help that the bar for sustainability was raised from 'generates any profit, ever' to 'generates a few % profit per USD invested each year, eventually'.

robertlagrant 3y ago
> the bar for sustainability was raised from 'generates any profit, ever' to 'generates a few % profit per USD invested each year, eventually Those sound as though they overlap
- contravariant 3y ago
  Well it's not as if it's changed massively, but it turns out quite a lot of stuff fit in the small gap between both definitions.
lotsofpulp 3y ago
How much do you need your 401k/IRA to go up each year? How much does your city/state need its pension investments to go up each year? The productivity of the future (or now) has already been borrowed from, and it has to be delivered on, even if only nominally.

pydry 3y ago

Speaking of business lines that have no hope of ever being profitable, I'm still waiting them to cancel the metaverse project, but it still looks like Zuck's ego >>> the appearance of future profitability >>> the people who actually make facebook's core competences function. The more people they lay off while keeping that dumpster fire going the more alarm bells go off in my head around the long term viability of their stock. It definitely doesn't belong in a pension. Its fashionable among herd mentality investors now to do noisy lay-offs, but the smart money is probably quietly hiring these days.

re-thc 3y ago
The Metaverse isn’t going anywhere, like it or not.
- kibwen 3y ago
  Amusingly, there are two ways to read this comment.
  - andsoitis 3y ago
    There's also a third interpretation.
    - confidantlake 3y ago
      explain?
      - andsoitis 3y ago
        "isn’t going anywhere" can mean: a) it isn't making progress b) it isn't going away c) you can count on it
  - rightbyte 3y ago
    Hah, ye. I think the "it is not here and will not move" interpretation is the most valid one.
eclipxe 3y ago
The metaverse efforts at Meta isn’t just one project. It’s a massive org with multiple VPs driving many many different product lines. It’s not going anywhere.
- asveikau 3y ago
  They're laying off many, many people in several waves and if you are correct the fact that they've hired a lot of people is still an obstacle, or justification to do something that does not make sense. That's funny. And sounds like them.