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https://finance.yahoo.com/news/meta-hoarded-us-pokemon-cards-120104362.html
Meta ‘hoarded us like Pokemon cards’: Former staffer reveals she had to ‘fight for work’ at company
Silicon Valley VC Keith Rabois of the so-called PayPal Mafia told a banking event earlier this month that Big Tech companies like Meta and Google had hired thousands of people to do “fake work” to hit hiring metrics out of “vanity”—and to stop them working for rivals.
Speaking following layoffs at Google owner Alphabet (12,000) and Meta (11,000 in November and a further 10,000 this month), Insider reported Rabois saying, “There’s nothing for these people to do—it’s all fake work. Now that’s being exposed, what do these people actually do, they go to meetings.”
According to one former member of Meta's staff, Rabois's theory is absolutely true.
Everyone here missed out on doubling their money over a 3 month period. Wow, how many times does an opportunity like that come along...
Be fearful when others are greedy, and greedy when others are fearful.” W. Buffet
Everyone here missed out on doubling their money over a 3 month period. Wow, how many times does an opportunity like that come along...
Be fearful when others are greedy, and greedy when others are fearful.” W. Buffet
FB closed $98 since this post. It’s now $309. Over 200% gains in 9 months. The bounce is simply mesmerizing.
Everyone here missed out on doubling their money over a 3 month period. Wow, how many times does an opportunity like that come along...
Be fearful when others are greedy, and greedy when others are fearful.” W. Buffet
guys here don’t realize how news are manipulated by big guys to create bargains for themselves and selling opportunities when they need.
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It is around $103 in after hours trading and has lost about 73% from its all time high of $381
What is Zuck trying to do ? Is it to prove a point about capitalism and the stock market ?
$$$$$ Notice Sheryl Sandberg bailed out at the right time. $$$$$
Or is he intentionally driving down the price so that they can buy back more shares ?
What gets me is that they finally said in today's earnings report that they are working on streamlining and cutting costs. This is the first time I've heard Meta say this in an official capacity.
What took them so long, or are they just trying to prove that its better to just employ useless workers, or to employ useful workers on useless projects ?