5 ms·
Even Zuckerberg acknowledges that it is about money in the linked article: "Fundamentally, we’re making all these changes for two reasons: our revenue outlook
by dunkmaster 4y ago
Even Zuckerberg acknowledges that it is about money in the linked article:
"Fundamentally, we’re making all these changes for two reasons: our revenue outlook is lower than we expected at the beginning of this year, and we want to make sure we’re operating efficiently across both Family of Apps and Reality Labs. "
- mathverse 4y agoIt is about trimming the fat mainly. Meta is still absolutely a money printing machine.
- Gene_Parmesan 4y agoIn fact, this is one of those truisms about the "down" side of the classical business cycle - that recessions partly function as an excuse to cut inefficiencies. How accurate this truism is, I don't know.
- tibbon 4y agoProof is that Meta stock is up today. I don't like this system of value, but it's what we've got.
- trey-jones 4y agoToday's price action is rarely a reflection of today's news.
- groos 4y ago"trimming the fat" - this is such an unfortunate phrase. In evolutionary terms, fat is what let species survive lean periods.
- colinmhayes 4y agoand in modern terms it makes you a social pariah. Really though trimming the fat probably refers to a butcher removing the unwanted flesh from meat, not losing weight.
- hamburglar 4y agoSpot on. The clue it’s not about evolution is that you don’t “trim” fat from a live animal.
- ambrose2 4y agoThis is a lean period, and the fat that meta had enabled them to cut fat rather than cut muscle or bone, making them now more lean, but still strong. The fat they had served its purpose similar to how fat serves its purpose during famine.