Posted on 11/06/2022 2:31:39 PM PST by Red in Blue PA
Meta could begin to carry out large-scale layoffs as soon as Wednesday, according to a report from the Wall Street Journal. The layoffs are expected to impact thousands of employees, the report said.
(Excerpt) Read more at cnbc.com ...
This stock is a disaster.
Less ad money to be made because Apple put restrictions in place.
Metaverse is burning through 3 billion per QUARTER.
Fewer people are using Facebook.
Both parties despise the company and do not be surprised to see hearings if Republicans win.
To add insult to injury, the Board gave Zuckerberg disproportionate voting rights.
Only a moron would be in this stock, even after a 76% haircut.
That rabid nerd gonna have a rough week.
Will Zuckerman have to sell his Hawaiian island?
As someone who has my stories and posts blocked by Facebook as Fake News, even when they were stories from Government agencies, it makes me happy to hear about the trauma at that organization.
My personal pet peeve, is that I have pointed out advertising on Facebook that are products that are illegal to own or use. I have even pointed out the specific laws that they violate........and yet Facebook will do nothing to stop the advertising of these products. So as long as they are making advertising revenues, they will aid and abet the sale of illegal products, and stop factual posts that they view as Fake News.
Entire meta concept was a joke.. how the board ever went along with that cash burn at the levels it has been at is mind boggling
More troubling than that for any shareholder still in META:
As VentureBeat’s Jolie O’Dell pointed out yesterday, Facebook CEO Mark Zuckerberg managed to strike a deal with some key investors and friends that gives him 57 percent of the shareholder voting power. For a public company, it’s an almost unheard of concentration of authority, a troubling sign for those who focus on shareholder rights.
“The public has no say in the control of the board, which in my view is terribly harmful to any notion of accountability,” Charles Elson, a University of Delaware corporate-governance professor, told Bloomberg. “It’s very troubling to investors, and it’s a bad bet for them.”
https://venturebeat.com/business/mark-zuckerberg-facebook-control-voting-shares-ipo/
I may be divulging too much info here, but I was directly involved in App Tracking Transparency at Apple (on the coding side of things), and loved every minute of it knowing it would seriously cripple Meta/Fakebook and Google’s main source of income - tracking and selling their user’s data.
Yea, Apple is just another woke tech company (where I necessarily keep my political views to myself), but at least they are VERY serious about user privacy.
An Android user myself, but I do appreciate Apples products and the security and privacy they embrace for their products.
Meta could begin to carry out large-scale layoffs as soon as Wednesday, according to a report from the Wall Street Journal. The layoffs are expected to impact thousands of employees, the report said.
—
That beast Elon is even firing people at other tech companies!
Et tu, Meta?
or they could learn to mine coal ...
Real people or their made up characters on Meta?
Gosh, it must be Elon Musk's fault somehow.
Or learn to frack, or learn to weld pipelines.
“Metaverse is burning through 3 billion per QUARTER.”
WOW!
No wonder there were no Zuckerbuck$ available for the mid terms.
Is there an S&P500-Meta ETF?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.