The stock just lost a quarter - a quarter! - of it's value just this week. Let that sink in for a moment. Zuck is still hell bent on the metaverse and thinks investors are going to trust him. Outside of a few users, no one gives two hoots about the metaverse. **Market cap has dropped from a peak of $1.06 trillion to now $263 billion** Shouldn't Zuck be more interested in cutting costs and improving profits? Everyone is downsizing (even frugally run orgs such as Amazon), but at Meta it feels like the good ol days of zero interest rates. Zuck may have cornered himself by renaming Facebook to Meta too - no turning back now especially if your organization is named after it. Someone needs to wake Zuck the f up and tell him that the party has stopped some time ago while him and his metates are still dancing like it is Jul 2021.
šššš
I see what you did there. Amazon 5% 15% stock grant for first two years didnāt affect you that much today
š š š
Zuck has his head up his metaverse.
If he gives up now, does it look even worse?
No, you look like an adult who can admit they made a mistake.
Sunk cost fallacy - "phenomenon whereby a person is reluctant to abandon a strategy or course of action because they have invested heavily in it, even when it is clear that abandonment would be more beneficial"
A quarter now is like 10 % a year ago, not too much with whole year considered
Zuck and Putin never back down
Some pairing eh..but got to agree.
Ok but if you were in zucks shoes what would you do? You know that fb and ig are losing the young generation to TT. And that apple has you by the balls in that they can control access to your product however they like. so what are you supposed to do? Just sit there and wait for things to fall apart? In some ways I respect him for recognizing the need to start making other bets, rather than just burying his head in the sand and dying a slow death. I donāt have a good answer either on what Iād do. Thatās gotta be a tough spot to be in.
Next move: push for a US ban on TT. Own the national security safe TT clone. Problems solved!
Hardware is the new software homies. You gotta own the whole damn stack, apple and goog own phones, they needed a new deviceā¦
Meta should rescind all offers and evaluate performance for everyone. And fire useless TPM and Engineer manager who cannot contribute effectively to the platforms and just busy nonsense politics.
Health & Wellness
Yesterday
997
Lasik cost
India
21h
275
š„Rahul Gandhi should win : Pak
World Conflicts
13h
497
Israeli precision-guided munition likely killed group of children playing foosball in Gaza, weapons experts say
World Conflicts
11h
375
Why I Find Free Palestine Inspiring
Personal Finance
7h
907
Thank you AAPL and NVDA
Wtf lol