Re: Old robots' tales
Feedback loop you say? Oh this will end well. /s
8240 publicly visible posts • joined 15 Jul 2010
Because it is wrong, but unfortunately, legal.
And if you can't counter-sue, yer forked.
And that is how the game is played. What's even worse, the company may even have been just a stalking horse. Innovation and small companies are shut down all the time like this.
Just another reason why we can't have nice things.
Dell Technologies (NYSE: DELL) announces financial results for its fiscal 2023 third quarter. Revenue was $24.7 billion, down 6%. Operating income was a record $1.8 billion, up 68%, representing 7.1% of revenue, and non-GAAP operating income was a record $2.4 billion, up 22%, representing 9.6% of revenue. Net income from continuing operations was $241 million, and non-GAAP net income was $1.7 billion. Diluted earnings per share was $0.33, and non-GAAP diluted earnings per share was $2.30.
It's a tough life when you are only making $2 BILLION in net profits. Tough life I tell you. Sacrifices must be made!
To quote:
https://www.latimes.com/business/technology/story/2023-01-30/column-how-big-tech-is-using-mass-layoffs-to-bring-workers-to-heel
“Controlling labor costs via periodic layoffs is like breathing for Silicon Valley: cyclical, necessary for life,” Malcolm Harris, author of the forthcoming book “Palo Alto: A History of California, Capitalism and the World,” told me. The layoffs, Harris says, have “very little to do with long- or even medium-term strategy except as it pertains to cultivating an insecure workforce.”
To quote:
https://www.latimes.com/business/technology/story/2023-01-30/column-how-big-tech-is-using-mass-layoffs-to-bring-workers-to-heel
“Controlling labor costs via periodic layoffs is like breathing for Silicon Valley: cyclical, necessary for life,” Malcolm Harris, author of the forthcoming book “Palo Alto: A History of California, Capitalism and the World,” told me. The layoffs, Harris says, have “very little to do with long- or even medium-term strategy except as it pertains to cultivating an insecure workforce.”
They will need that luck, because 9 out of 10 new businesses fail the first year. That's 90%
Of the remaining 10%, almost half of those fail within the next five years. Half again fail within 10 years.
The lottery is almost a better investment. Personally I'd go with a well respected fund investment.... and the lottery.
Jokes aside, a part time side business is the safest route if you want to start a business.