Re:Meta lays off 11,000 people
by oska on Wednesday November 09, 2022 @07:33AM
(#33530631)
Only if you can start a company that's revenue positive from essentially day one. Burn rate provided by suppressed interest rates and cashed up Venture Capitalists is quickly becoming a disappearing concept.
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The first dotcom crash was good that way: people make worse decisions when they have piles of VC funny money and anyone with a real business has trouble standing out when the field is full of competitors burning bright but fast.