This is true, and it’s weird because these same companies used to hire like crazy because only growth mattered. Finally real financial discipline is being applied. The tech company I work for is open about the fact that revenue-per-employee is something like half of FAANG companies and they want that to change.
Yeah the pooling funds part confuses me. What is the damn issue?
Well, they also just straight up laid off 9,000 people this week so they are clearly in a mood to get rid of people. And I suppose they don’t mind firing people for small infractions because it accomplishes two things for them:
Free food is after all a perk that most people don’t get at work. And it’s just the tip of the iceberg of perks that Meta employees get. I know for a fact that executives get sick and tired of employees being spoiled by all this and they probably took personal enjoyment in these terminations.
The author of this article personally breathed out 800 pounds of CO2 last year. Less than a horse but more than a badger and roughly on par with a kangaroo.
It’s hardly like getting fired is a ticket to a 6 month vacation. Misuse of funds like this is tantamount to theft and probably grounds to disqualify you from unemployment benefits. And anyway for these highly paid workers, unemployment is a tiny fraction of what they are accustomed to making. It’s a tough job market out there and Meta laid off another 9,000 this week so it’s a smart move to start job hunting the second you’re unemployed. I know people who have not found work after 1 year. A vacation? Shyeah no.
I’m just trying to understand how UberEats is a good way to feed an office. Are we talking about 3 people in a WeWork space somewhere? I can’t imagine 250 UberEats orders all arriving somewhere at once and getting to the right people. Or even 25.
Of course. He’s a jerk and we hate him now therefore everything he does must be utter bullshit.
It is hugely overvalued. We should scoff at their crazy highs instead of penalizing them for being below them. You can’t necessarily be blamed because at certain points investors wildly overvalued you. A lot of times the stock market punishes success. My employer for example doubled its business during COVID and when that spike eventually cooled off we were still on a good growth trajectory but a couple of quarters came in at negative YoY revenue and of course everyone lost their minds. This is why I always look at the zoomed out graph. It’s so easy to miss the real story looking at any one slice of it.
True, that’s never what you want over the long haul.
I found it boring and overwrought on its own merits. And of course it butchers the Tolkein source material. The way they bend over backwards to get the characters to repeat lines from the Peter Jackson trilogy is embarrassing, and their lame attempts at origin stories like “how Gandalf got his staff” are also embarrassing (and that one was a literal shaggydog story to boot). I liked the actor they got for Tom Bombadil but again, making him into a spirit guide for Gandalf was a cliche and butchers the source material.
There are some interesting efforts in this direction. Not “without” propellants but with much less. There’s Spinlaunch, the company developing a kind of catapult that gets small rockets high into the atmosphere. And there are efforts to launch smaller rockets from the wings of high altitude planes.
We should not be “happy” with the current state of things. Anyone who’s played Kerbal Space Program knows what a lousy deal it is launching chemical rockets off the ground. A tiny bit more payload and you need more fuel, more fuel adds more weight and you need more more fuel…
Rocketry is currently a tiny proportion of emissions so I’m not worried about it. But neither am I complacent about current technology.
Yes. I see a consistent trend on the internet where people want to completely jettison their individual consumer behavior from all environmental considerations because big corporations are responsible for more, or because rockets, etc. But I don’t see why this has to be an either/or thing in the first place. Why make people feel like their small contributions are meaningless? Especially in a case like this where the argument isn’t even remotely borne out in the numbers.
Road transport: 25-30% of global emissions
Aviation: 2-3% of global emissions
Space programs: 0.1% of global emissions
Now not all road transportation is consumers, but as you can see it is completely appropriate to have focus on road transportation emissions. A tiny efficiency increase there can offset emissions by as much as completely eliminating all human space programs. And we do rely on space programs for real stuff. It’s not all silly rich boy games.
That was my question. What is the exhaust of this in action?
Here’s their all time stock price graph. Not exactly a death spiral, though that 3y performance number makes it sound so. The 1, 2, and 5 year numbers don’t tell the same story. You might even say it was a bit of a cherry pick.
Disclaimer: I own no TSLA shares. I just know how to manipulate stats for effect, so I know when it’s being done to me :)
There’s little doubt that he squeezes high productivity out of people. He just does so in a combative and oppressive way that I wouldn’t want to be anywhere near.
I also believe that he pushes his engineering teams through problem solving challenges (which does not make him an engineer) by ruthlessly interrogating everything. That’s not salesmanship…. But I’m not sure what you’d call it. Product, maybe?
There are probably more things you can only find off Amazon but they’re distributed all over the place so this is harder to see.
I feel like they should pay me for watching The Rings of Power. But I’ll always be grateful to them for picking up The Expanse and finishing the show.
Irrelevant. You don’t get to grammar like Shakespeare did.
I’ll bet a lot of times people just start typing “he” and tack on “or she” when they catch themselves.
Yep. Actually brave to say this given the fever that word throws people into. But not only is everything literally an algorithm, including “show your subscriptions in chronological order” but we all want a little more than that because it’s easy to imagine how one frequent poster would throw that experience off completely. We need to talk about what we want from algorithms and lay down this narrative that we must stamp them out of existence.