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A comment on Mass Layoffs and Absentee Bosses Create a Morale Crisis at Meta. Parent comment

Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a... by luckylion on Wednesday April 12, 2023 @08:15AM (#35538416)
They are tools you can use to signal status because they are expensive. You can't do that with Facebook etc.

Social media is ultimately not selling status though, they make money by reaching as many people as possible and you have to lower the entry fee to achieve that.

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Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a... by Waterluvian on Wednesday April 12, 2023 @08:19AM (#35538459)
That makes sense. And a business whose only moat is, "we have the most people" will always be a fleeting one.
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