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tech / rec.photo.digital / Re: Is the NFT con game winding down?

SubjectAuthor
* Re: Is the NFT con game winding down?Alan Browne
`* Re: Is the NFT con game winding down?Magani
 `* Re: Is the NFT con game winding down?Alan Browne
  `- Re: Is the NFT con game winding down?Alan Browne

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Re: Is the NFT con game winding down?

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Subject: Re: Is the NFT con game winding down?
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From: bitbuc...@blackhole.com (Alan Browne)
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 by: Alan Browne - Tue, 14 Mar 2023 15:11 UTC

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

Re: Is the NFT con game winding down?

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Subject: Re: Is the NFT con game winding down?
From: cdsr...@gmail.com (Magani)
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 by: Magani - Tue, 14 Mar 2023 21:55 UTC

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)

Re: Is the NFT con game winding down?

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 by: Alan Browne - Wed, 15 Mar 2023 14:28 UTC

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

Re: Is the NFT con game winding down?

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From: bitbuc...@blackhole.com (Alan Browne)
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 by: Alan Browne - Wed, 15 Mar 2023 14:40 UTC

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

tech / rec.photo.digital / Re: Is the NFT con game winding down?

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