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  • Re: Is the NFT con game winding down?

    From Alan Browne@21:1/5 to RichA on Tue Mar 14 11:11:06 2023
    On 2023-03-14 10:55, RichA wrote:
    https://petapixel.com/2023/03/14/meta-is-winding-down-nfts-on-facebook-and-instagram/


    2012: "Move Fast and Break Things" - Mark Z.

    2023-03-14
    New York Times:

    Meta to Lay Off Another 10,000 Workers
    It would be the tech company’s second round of cuts since November. Mark Zuckerberg, its chief executive, has declared 2023 the “year of efficiency.”

    "Efficiency" - cough.

    The NTF's were some element of the "Meta" direction that FB has been taking.

    This guy thinks Microsoft will wipe up the floor and leave Meta behind: https://www.youtube.com/watch?v=jUfCr3hz9FE&ab_channel=JohnCoogan

    Satya Nadella has done nothing but good for Microsoft.

    --
    “Donald Trump and his allies and supporters are a clear and present
    danger to American democracy.”
    - J Michael Luttig - 2022-06-16
    - Former US appellate court judge (R) testifying to the January 6
    committee

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From RichA@21:1/5 to All on Tue Mar 14 07:55:50 2023
    https://petapixel.com/2023/03/14/meta-is-winding-down-nfts-on-facebook-and-instagram/

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Magani@21:1/5 to Alan Browne on Tue Mar 14 14:55:32 2023
    On Wednesday, 15 March 2023 at 1:11:13 am UTC+10, Alan Browne wrote:
    On 2023-03-14 10:55, RichA wrote:
    https://petapixel.com/2023/03/14/meta-is-winding-down-nfts-on-facebook-and-instagram/


    2012: "Move Fast and Break Things" - Mark Z.

    2023-03-14
    New York Times:

    Meta to Lay Off Another 10,000 Workers
    It would be the tech company’s second round of cuts since November. Mark Zuckerberg, its chief executive, has declared 2023 the “year of efficiency.”

    "Efficiency" - cough.

    The NTF's were some element of the "Meta" direction that FB has been taking.

    This guy thinks Microsoft will wipe up the floor and leave Meta behind: https://www.youtube.com/watch?v=jUfCr3hz9FE&ab_channel=JohnCoogan

    Satya Nadella has done nothing but good for Microsoft.

    --
    “Donald Trump and his allies and supporters are a clear and present
    danger to American democracy.”
    - J Michael Luttig - 2022-06-16
    - Former US appellate court judge (R) testifying to the January 6
    committee

    Is there some sort of demented billionaire's competition to see how many workers you can fire in a twelve month period?

    Cheers,
    Magani (NOT a billionaire)

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From RichA@21:1/5 to Magani on Tue Mar 14 19:56:18 2023
    On Tuesday, 14 March 2023 at 17:55:41 UTC-4, Magani wrote:
    On Wednesday, 15 March 2023 at 1:11:13 am UTC+10, Alan Browne wrote:
    On 2023-03-14 10:55, RichA wrote:
    https://petapixel.com/2023/03/14/meta-is-winding-down-nfts-on-facebook-and-instagram/


    2012: "Move Fast and Break Things" - Mark Z.

    2023-03-14
    New York Times:

    Meta to Lay Off Another 10,000 Workers
    It would be the tech company’s second round of cuts since November. Mark Zuckerberg, its chief executive, has declared 2023 the “year of efficiency.”

    "Efficiency" - cough.

    The NTF's were some element of the "Meta" direction that FB has been taking.

    This guy thinks Microsoft will wipe up the floor and leave Meta behind: https://www.youtube.com/watch?v=jUfCr3hz9FE&ab_channel=JohnCoogan

    Satya Nadella has done nothing but good for Microsoft.

    --
    “Donald Trump and his allies and supporters are a clear and present danger to American democracy.”
    - J Michael Luttig - 2022-06-16
    - Former US appellate court judge (R) testifying to the January 6 committee
    Is there some sort of demented billionaire's competition to see how many workers you can fire in a twelve month period?

    Cheers,
    Magani (NOT a billionaire)

    "10,000 to be laid off to make (fill in the high-tech blank) more stable."
    Same breath:
    "A stock buy-back for $15 billion is in the works!"

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Alan Browne@21:1/5 to Magani on Wed Mar 15 10:28:43 2023
    On 2023-03-14 17:55, Magani wrote:
    On Wednesday, 15 March 2023 at 1:11:13 am UTC+10, Alan Browne wrote:
    On 2023-03-14 10:55, RichA wrote:
    https://petapixel.com/2023/03/14/meta-is-winding-down-nfts-on-facebook-and-instagram/


    2012: "Move Fast and Break Things" - Mark Z.

    2023-03-14
    New York Times:

    Meta to Lay Off Another 10,000 Workers
    It would be the tech company’s second round of cuts since November. Mark >> Zuckerberg, its chief executive, has declared 2023 the “year of efficiency.”

    "Efficiency" - cough.

    The NFT's were some element of the "Meta" direction that FB has been taking. >>
    This guy thinks Microsoft will wipe up the floor and leave Meta behind:
    https://www.youtube.com/watch?v=jUfCr3hz9FE&ab_channel=JohnCoogan

    Satya Nadella has done nothing but good for Microsoft.


    Is there some sort of demented billionaire's competition to see how many workers you can fire in a twelve month period?

    No. As Z. said (in a fit of rationality undoubtedly coached by his
    adult supervision), during Covid these companies hired like mad and
    threw everything at everything hoping for outrageous gains.

    Instead, the "device" economy is cooling, TikTok is eating Meta's lunch
    and reality has set in.

    MS - similar.

    Amazon - as the device economy is saturated in the wake of work-at-home, Amazon's activity has waned as well. Layoffs.

    Apple - not as bad - they cancelled many contract workers and avoided
    laying off permanent employees. For now anyway. The numbers have not
    been released (that I've seen anyway).

    --
    “Donald Trump and his allies and supporters are a clear and present
    danger to American democracy.”
    - J Michael Luttig - 2022-06-16
    - Former US appellate court judge (R) testifying to the January 6
    committee

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Alan Browne@21:1/5 to Alan Browne on Wed Mar 15 10:40:20 2023
    On 2023-03-15 10:28, Alan Browne wrote:
    On 2023-03-14 17:55, Magani wrote:

    Is there some sort of demented billionaire's competition to see how
    many workers you can fire in a twelve month period?

    No.  As Z. said (in a fit of rationality undoubtedly coached by his
    adult supervision), during Covid these companies hired like mad and
    threw everything at everything hoping for outrageous gains.

    Instead, the "device" economy is cooling, TikTok is eating Meta's lunch
    and reality has set in.

    MS - similar.

    Amazon - as the device economy is saturated in the wake of work-at-home, Amazon's activity has waned as well.  Layoffs.

    Apple - not as bad - they cancelled many contract workers and avoided
    laying off permanent employees.  For now anyway.  The numbers have not
    been released (that I've seen anyway).

    Another detail: While some other tech co's hired like crazy in the Covid "event", Apple's hiring pace was about on par to its usual pace - ie
    they didn't spike their numbers as much as the other co's during the
    "event".

    "Apple is ungodly well managed."
    -Charlie Munger.

    --
    “Donald Trump and his allies and supporters are a clear and present
    danger to American democracy.”
    - J Michael Luttig - 2022-06-16
    - Former US appellate court judge (R) testifying to the January 6
    committee

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)