The techbro "fuck around" era is coming to a close, the techbro "find out" era is beginning
As life ebbs, terrible vistas of emptiness reveal themselves. :sicko-yes:
If Facebook Messenger fails, how will my mother send me internet memes in the middle of work?
its hilarious, their stonk is down almost 50% than where it was 5 years ago
Almost 20 billion in stock options calls wiped out for Facebook/Meta in a single week last month.
I'm worried about my friend. I think they will be a part of it.
Edit: They work in the Metaverse part. I think there is a huge chance they might be fine.
I read they have already spent $35 billion +.
It literally does not make sense. Like what could they even pretend to be spending that much on. How the fuck did everyone in the company let the bit run this long ? Where the fuck were board or directors or the countless of trillion dollar mutual funds invested in Meta ?Its hilarious.
Programmers are one of the true few workers that act as alchemists of labor (much like lawyers) in that because nobody really understands what they do, they can command incredibly high salaries and then never deliver a single useful product as long as they claim to be 'working on it'.
I have friends who have been working on the same product for three years and have only made paltry advances in it, but have been paid three to four times my yearly salary despite the fact that I produce a product that people actually use on a day to day basis. There is no money in production or refinement of existing production processes only in endless, useless development on extravagant moonshot boondoggles.
Part of this is that tech companies, after establishing a steady growth model, are often structured around fishing for moonshots. Google is one that does this. They throw devs at various ideas and kill the work if they don't believe the product will be a billion dollar idea, but that decision can take years. This is part of why Google has such a large graveyard of useful projects. And we don't even see the ones they killed before they became external.
Meta was always a stupid idea. My only question has been whether this is a Zucc hubris thing or if there were financial reasons to rebrand and throw money at something (anything) and the metaverse part is just a front.
Two major social medias flailing. Good news for hexbear? Find out at 7.
