Re:Meta lays off 11,000 people
by jjcon on Wednesday November 09, 2022 @02:17PM
(#33536488)
How exactly were they greedy in particular? To me it seems they are doing what every other company is, I’m unaware of Meta engaging in anything greedy that is out of the ordinary, is that not the case (genuinely asking) and why do you think that is tied to these layoffs?
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They tried to connect people, but that didn't make money. So they pivoted to ads, but that didn't bring steady growth. So they fueled participation with tools like the Like button which stoked conflict from the start. Had they been cautious about their steps at any point then problems could have been avoided.
Zuckerberg was hauled in to US Congress more than once and was chastised for all kinds of wrongdoing. E.g. spreading foreign propaganda in US elections, encouraging extremist violence. FB chase for user engagement has made it into the modern version of a gladiatorial freak show. If broadcasting two one legged gladiators fight to the death will draw eyeballs, Zuckbot will do it.
There's the video metrics scandal: https://www.ccn.com/facebook-lied-about-video-metrics/
They lied to content creators about how much money could be earned by switching to video on FB. This bankrupted multiple businesses, including Collegehumor and FunnyOrDie: https://twitter.com/adamconover/status/1183209875859333120?l...