Spyke
lemmy.world

I think it's still a shameful fact about our society that a garbage company like Meta, which produces nothing of actual value and is deepeinto shitty practices, could be valuable at all, let alone be a tech giant

23

Same here. I never had a Facebook account but all I know is that the 3 billion (3 fucking billion users!) use it to talk to their family (instead of using a phone), watch pretty pictures, and read fake news. What's the fucking point?

3

In April, Meta explained some of the calculus behind its shifting financials, noting that it was increasing 2026 capital expenditures to between $125 billion and $145 billion.

Personnel costs are a rounding error compared to this shit. If they spend $125B instead of $145B and spent the savings on the 8,000 they just fired, they'd each make $2.5 million.

10

You reached the end