oh this is interesting.
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oh this is interesting. layoffs are *not* boosting the share price recently, leading to an average 2% drop
but if they say it's "restructuring" and don't make a technological excuse, it's an average 7% drop
i suspect everyone's running out of money cos the economy's already in effective recession
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oh this is interesting. layoffs are *not* boosting the share price recently, leading to an average 2% drop
but if they say it's "restructuring" and don't make a technological excuse, it's an average 7% drop
i suspect everyone's running out of money cos the economy's already in effective recession
@davidgerard we’re fucking cooked but I’m taking a surprising amount of joy in the fact that the capitalist class’ favorite trick isn’t working because they fucked around way too hard and nobody’s buying any of it
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@davidgerard we’re fucking cooked but I’m taking a surprising amount of joy in the fact that the capitalist class’ favorite trick isn’t working because they fucked around way too hard and nobody’s buying any of it
@zzt not even the other capitalists
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oh this is interesting. layoffs are *not* boosting the share price recently, leading to an average 2% drop
but if they say it's "restructuring" and don't make a technological excuse, it's an average 7% drop
i suspect everyone's running out of money cos the economy's already in effective recession
@davidgerard I think that more than anything else the free money pumps getting turned off has revealed the global stock markets' disconnect from the real economy to be even worse than I had thought
The market has been creating "value" by borrowing money from various governments a near zero or even practically negative rates and those taps turning off reveals that no value has actually been created- a lot of the number go up number is just debt owed to various banks
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oh this is interesting. layoffs are *not* boosting the share price recently, leading to an average 2% drop
but if they say it's "restructuring" and don't make a technological excuse, it's an average 7% drop
i suspect everyone's running out of money cos the economy's already in effective recession
"We need to fire people to buy AI or our share price will drop."
But also:
"We don't have the people to keep running our business, so our share price drops."
Maybe business decisions should not revolve around the opinions of compulsive gamblers...
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oh this is interesting. layoffs are *not* boosting the share price recently, leading to an average 2% drop
but if they say it's "restructuring" and don't make a technological excuse, it's an average 7% drop
i suspect everyone's running out of money cos the economy's already in effective recession
@davidgerard "Laying off 10% due to huge AI productivity boost" *looks inside* years of mismanagement, wishful EBITDA fakery, and/or PE grift from ZIRP era catching up
every time
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oh this is interesting. layoffs are *not* boosting the share price recently, leading to an average 2% drop
but if they say it's "restructuring" and don't make a technological excuse, it's an average 7% drop
i suspect everyone's running out of money cos the economy's already in effective recession
@davidgerard We have been in a recession for a year or two, maybe longer.
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R relay@relay.an.exchange shared this topic
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@davidgerard we’re fucking cooked but I’m taking a surprising amount of joy in the fact that the capitalist class’ favorite trick isn’t working because they fucked around way too hard and nobody’s buying any of it
@zzt @davidgerard FAFO except they're not the only ones finding out
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oh this is interesting. layoffs are *not* boosting the share price recently, leading to an average 2% drop
but if they say it's "restructuring" and don't make a technological excuse, it's an average 7% drop
i suspect everyone's running out of money cos the economy's already in effective recession
Our post-ZIRP economy is going to get even worse now that free money from KSA and UAE will dry up with a new Middle East war.
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R relay@relay.infosec.exchange shared this topic
