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They elected to do that because the 1 billion dollar write down yield 300 billion in market value -- firing people literally raised their market cap more than w
by tsunamifury 3y ago
They elected to do that because the 1 billion dollar write down yield 300 billion in market value -- firing people literally raised their market cap more than what those people could earn doing a real job earning real revenue.
To be clear, this is not people being fired for bullshit jobs. This is people being fired because their 1 billion in revenue is a fraction of the 300 billion in stock price opportunity.
Ask me how I know...