"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. ⬆
"People who work for Facebook / Xitter / Bytedance's Tiktok / Microsoft / Oracle / IBM / Apple / Uber / Lyft / Wolt / DoorDash / AirBnB / Bolt / and so on are doing some world-class projection when they have the audacity to call others Bad People(tm)"
It certainly does seem like they receive money from taxpayers for nothing, or for IBM to do mass layoffs/closure at Albany under the guise of "making a new spinoff"...
