"There is such an overvaluation of technology stocks that it is absurd. I would include our stock in that category. It is bad for the long-term worth of the economy."
--Steve Ballmer
There are several different types of pyramid schemes, so people are often deceived by the use of this term. Here is a humorous example of the more classical form.
Whether Microsoft can implode or not, we do not know for sure yet, but as we noted yesterday, layoffs have already begun and the company is headed towards debt [1, 2].
News Analysis. Blogger Mini-Microsoft says signs show layoffs coming to the software giant. The prediction: Jan. 15.
According to Todd Bishop, "A Microsoft spokesman declined to comment [on layoffs]." Analysts are not positive at the moment and answers may soon arrive. ⬆
"By betraying the legacy of our ancestors, we’ve set ourselves on a path toward self-destruction — moral, intellectual, economic, and ultimately biological."
