Mass Layoffs and Absentee Bosses Create a Morale Crisis at Meta

Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a... by wg0 on Wednesday April 12, 2023 @08:25AM (#35538529)

Not to mention, ruined the brand value along with it. People knew Facebook, good or bad, Facebook was Facebook. There was still a lot that facebook could do. Could gradually evolve into integrating payments becoming a PayPal in the process, a store front and what not. Bringing a video platform of its own with same revenue sharing model fully integrated and what not.

Yes, there are other companies and products in similar spaces but Facebook would have been cash positive in each of those ventures pretty soon if not crazy profitable.

Whereas the Meta VR demos are almost close to what we can see from 80s, not to mention that they add no value to gaming, entertainment, communication or commerce.

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Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a... by paganel on Wednesday April 12, 2023 @08:51AM (#35538818)

I don't think the European Union regulatory bodies would have allowed Facebook/Meta to integrate stuff like payments and, as such, to "become PayPal in the process". Maybe if that all had happened before 2015-2016, but in today's political and business climate I see no way for that being allowed to happen.

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Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a... by manquer on Wednesday April 12, 2023 @12:32PM (#35542400)

Don’t have to launch in Europe . Payments aren’t like other SaaS apps launching in every country is lot of paperwork and apps will choose to work in only some geographies .

Also WhatsApp does integrate payments in some geographies so it is not like FB wasn’t already having a step there .

FB is just chasing fads, few years back it was libre coin at the peak of crypto interest . They will keep throwing stuff to see what sticks until they run out of money

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