Microsoft/GAFAM Operating at a Loss
At the expense of pensioners or wannabe pensioners, whose saved money (long-term savings) is thrown into a pyramid scheme without their explicit consent (nor an opt-out option).
Last week: Worse Than "Taking Your Job", the Slop Pyramid Scheme Will "Take Your Pension"
Last month: Five tech giants are hiding $1.65tn in AI debt, using the trick that toppled Enron
2 days ago:
How much longer can we pretend that companies which amass trillions of dollars in debt are "success stories" we must all envy and try to imitate? Or devote our entire life to?
"They still don't want to believe ai is bubble," someone notes, "hopefully someday every ceo will apologise like zuck to every employee they laid off" and someone from Microsoft replies, "sociopaths don't apologize and mean it" (they do join Microsoft however).
We recently pointed out Microsoft still has layoffs in August. Microsoft did not deny this and there are people who say layoffs continue until a few weeks ago.
This motif of anxiety and stress seems common. Days ago: [1, 2]
Microsoft has financial problems, but it won't cut the CEO's bonus because he is the one administering the pyramid scheme that keeps "giving" (at whose expense?). █
"Microsoft, the world’s most valuable company, declared a profit of $4.5 billion in 1998; when the cost of options awarded that year, plus the change in the value of outstanding options, is deducted, the firm made a loss of $18 billion, according to Smithers."