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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 eg
by 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 agoThe Metaverse isn’t going anywhere, like it or not.
- kibwen 3y agoAmusingly, there are two ways to read this comment.
- andsoitis 3y agoThere's also a third interpretation.
- confidantlake 3y agoexplain?
- 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 agoHah, ye. I think the "it is not here and will not move" interpretation is the most valid one.
- eclipxe 3y agoThe 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 agoThey'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.
- bsg75 3y ago> It's not going anywhere. Including towards a potential revenue stream?