Technology

59589 readers

2838 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

367

Roses are red, Meta is blue, Reality Labs lost $4.5 billion during Q2 (www.gamedeveloper.com)

submitted 3 months ago by simple@lemm.ee to c/technology@lemmy.world

34 comments fedilink hide all child comments

What the hell are they even spending all this money on when they don't have much to show for it?

you are viewing a single comment's thread
view the rest of the comments

[–] wewbull@feddit.uk 20 points 3 months ago (5 children)

And I assume all the shareholders were fine with this?

[–] stormesp@lemm.ee 17 points 3 months ago* (last edited 3 months ago) (1 children)

i mean, the main concern for most shareholders is the stock price, and meta stock price in the last 6 months has gone up 20% and 47% on the last year, im pretty sure most of them are happy as long as the bubble keeps going up

[–] credo@lemmy.world 7 points 3 months ago (1 children)

I mean, that’s kinda circular isn’t it? Them being happy, being why the stock goes up.

[–] stormesp@lemm.ee 5 points 3 months ago (1 children)

Thats debatable, he asked if shareholders were happy with meta burning billions, if the shareholders werent happy they would be looking for an out and making the stock price go down, them being fine with it makes it so buying stock becomes more expensive as people is holding and the value goes up.

[–] credo@lemmy.world 1 points 3 months ago

Are we not saying exactly the same thing?

load more comments (3 replies)