Spyke
sh.itjust.works

Firing people while you're making record profits. Doesn't get more American than that

76
Anikireply
feddit.org

the french revolution immediately turned into a terror regime and after that, the napoleonic wars.

3
XLE
piefed.social

Hey investors: Think how much money Facebook could save by firing the CEO that decided to rename the whole company after a failed product.

38
lemmy.world

He renamed Facebook to meta because the leak of Facebook data to Cambridge Analytica and revelations by whistle blower Frances Haugen damaged the Facebook brand.

14

Fortunately it worked very well for him and we all have a very positive view of meta.

8
ursus262reply
piefed.social

The thing is, Meta are making more money than ever. Will this continue? At what point will things become unsustainable so that the house of cards collapses?

4

We could be beyond it. What hasn't happened quite yet are things like failing currencies, but it's entirely possible we are beyond the point of no return. Once the giant ring of investments catches up with itself, the snake eats its own tail, the bottom drops out, and the greatest economic crash the world has ever seen stampedes unfettered through the lives of every person on the planet.

4

"Are making more money than ever" is a administrative subjective term. Your checks are as balanced as your willing to show in your books.

3

What’s “Meta”? Is that like a clothing brand or something?

/s

2
feddit.org

in 10 years, nobody will use instagram because every post will be AI generated. or rather, you won't be able to tell whether it's AI generated.

11

The amazing thing about that is that it wasn't even a particularly bad idea, it was just implemented badly.

1

You reached the end