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ShinjukuAce t1_ivqzis0 wrote

Crypto is stupid, the Metaverse is stupid, and Twitter was bought by a lunatic.

If there are mass layoffs at real companies like Apple and Microsoft I’ll worry about the state of things.

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the_clash_is_back t1_ivragj1 wrote

Pretty much all these companies either made bad calls, had bad models, or had literal insane restructuring.

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caveyh96 t1_ivsrzku wrote

"real companies" what a sad sentence. They are all real companies even if you don't like what they do or who owns them.

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realzequel t1_ivtzoij wrote

You're right, but I think Twitter, for instance, is bloated. Though based on what I'm hearing, it sounds like they're doing a terrible job separating the wheat from the chaff.

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ShinjukuAce t1_ivuew1s wrote

Coinbase is a vehicle for crypto Ponzi schemes. That’s not a real company that produces any actual useful goods and services.

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griwulf t1_ivz4rhk wrote

You can actually be worried because the “real” companies are going through some terrible freezes right now.

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xylopyrography t1_ivrscoe wrote

Google is coming soon.

Apple and Microsoft probably just more strict hiring freezes and internal attrition.

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seiyamaple t1_ivs70pi wrote

What makes you say Google is coming soon?

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xylopyrography t1_ivs87o0 wrote

The drop in ad revenue will continue as interest rates rise.

I don't think they will care to retain the same headcount.

Maybe they can continue with just attrition, but they'll likely want to clean 10-15% too.

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ArkGuardian t1_ivsbcc8 wrote

There's not a drop in ad revenue outside of YouTube.

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zack14981 t1_ivsag5n wrote

Did you also call the first iPhone stupid?

Seems like the only stupid one here is you.

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Twirdman t1_ivscgm1 wrote

One the first iPhone was not a dramatic departure from existing technology it was a significant improvement over existing technology so your analogy is stupid.

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Second some of those are just plain stupid. They serve no function. What need does crypto fill? We already had secure, instant, online fund transfers and have for years before crypto. Crypto added nothing to this. All crypto does is waste an inordinate amount of energy to produce random digital strings of nothingness.

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Trixteri t1_ivtkqce wrote

the only chain that wastes energy is Bitcoin. the digital strings of nothingness are proof that everything really does exist there.

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zack14981 t1_ivscre0 wrote

The metaverse is to vr what the iPhone was to phones. I’m not saying I like the metaverse, but if you’re going to talk about improving existing technology, they’re very similar.

You can call crypto useless, but the fact is that there are billions of dollars circulating around in the crypto space. Calling a business that operates in that space and makes money doing so “not a real company” is just fucking asinine.

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timmeh-eh t1_ivsf3av wrote

Hahahahahahahahahahahahaha…. Challenge there is people wanted phones. A shitty vr version of second life is the answer to a question nobody’s asking.

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Hole-In-Six t1_ivstktj wrote

Are you calling beanie babys stupid! Because the fact is there's millions of dollars floating around the beanie baby space. - Some guy in 1999

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timmeh-eh t1_ivwir4z wrote

Well while I do think that beanie babies were stupid people did actually want them. The challenge Meta is facing here is nobody wants to buy expensive VR hardware so they can have a virtual existence.

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aaahhhhhhfine t1_ivtfgen wrote

The iPhone isn't "stupid" in an abstract sense. But it is baffling that so many people are willing to pay so much money for them. They aren't that amazing. Hell, I'd take a midrange Android device over an iPhone any day of the week. The confusing thing is that so many people are willing to spend about twice what they should for iPhones that apple is somehow able to fucking thrive as basically just a hardware company. It's kind of amazing... Their software is mostly just ok (though they've got a few decent things)... They're really just a hardware company that somehow made that work.

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Etch_a__sketch t1_ivtgzzf wrote

There is no reasonable argument that Apple is just a hardware company lol. They actively develop several operating systems. To call Apple a hardware company is a complete misunderstanding of how Apple operate.

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aaahhhhhhfine t1_ivtiwxj wrote

Of course there is... They make all their money from hardware. Also Tim Cook was specifically picked for the job because he was their hardware supply chain guy and that's the company they are.

You are completely misunderstanding Apple.

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