nuff said

  • irkli@lemmy.world
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    2 years ago

    TIL how loooong it takes for a largeish business to die. It’s hard to grasp scale I guess. I thought it would be over in months.

    I find it hard to believe Facebook is so terribly great. Keep in mind these are not businesses like a grocery store; they’re publicly traded and the metric is growth, not profit. (Edit: Twitter is private now no idea how that change is accomplished.)

    Truly, I’m hoping they all die.

    • RidcullyTheBrown@lemmy.world
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      2 years ago

      and the metric is growth

      No, not really. The metric is growth only for those who aren’t profitable. They use growth as a promise of future profits.

      Meta/Facebook is turning in a huge profit each ear. Nobody cares about the user count that much anymore unless it sharply falls.

      Twitter is different. Twitter didn’t really make a profit yet. They aren’t profitable.

    • SulaymanF@lemmy.world
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      2 years ago

      Musk crumpled the cashflow pretty quickly in weeks, but he also has a lot of wealth, he had to chip in billions of his own dollars to save the company from his mistakes.

      • irkli@lemmy.world
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        2 years ago

        Right. I wonder, now, if he had any idea what he was doing. Not to argue with you. His fuckups are just so weird here. If he wanted it “off” he could have been a lot more effective. He just looks like a fool and not one decision looks intentional. It is interesting though. A very slow motion car crash… I assume the bridge abutment or cliff is in front of him somewhere.