If a company can dump $100B into failed project and still be profitable they have too much money. Jesus, imagine would would happen if this money went to the workers instead…
It’s actually crazy that you can burn $100B in a project that everybody mocked from the beginnings and still be CEO after that while having earned billions in compensation
Hell, it’s fucking insane that we have to earn our bonuses and they still fucking suck yet these people will get millions after fucking it all up. Imagine if a regular worker failed this hard and was like “so where’s my $15,000 Christmas bonus?”
To be fair, my last company didn’t pay anything because… uhm they had a record breaking year but they wanted more and thus it was nearly bankrupting them. Emotionally, I mean.
You’re right, a lot of it probably went to the devs but from what I’m reading the cash burn is so bad because it’s extremely chaotic in there, lot’s of bad decisions, canceled projects, lot’s of directors swapping places. No idea what part of it went to low ranking devs and what went to consultants and building useless prototypes.
My understanding is that Facebook’s culture is very cutthroat. Throw other people under the bus, try to make your rivals’ project fail, do a huge unnecessary refactor to “make a name” for yourself, that sort of stuff.
No, from what I’m reading they just pump money into it senselessly. VR/AR devices are $1B a year market and they pumped like $18B into it in a year. They just don’t care because they make so much money they can burn it.
If a company can dump $100B into failed project and still be profitable they have too much money. Jesus, imagine would would happen if this money went to the workers instead…
It’s actually crazy that you can burn $100B in a project that everybody mocked from the beginnings and still be CEO after that while having earned billions in compensation
this is what’s called “holding a controlling interest.”
Hell, it’s fucking insane that we have to earn our bonuses and they still fucking suck yet these people will get millions after fucking it all up. Imagine if a regular worker failed this hard and was like “so where’s my $15,000 Christmas bonus?”
I didn’t fuck up and only got a tenth of that.
You guys are getting Christmas bonuses?
I got a membership to the Jelly of the Month Club.
“where’s the Tylenol?!”
I didn’t fuck up and I always got the “default” $500CAD.
To be fair, my last company didn’t pay anything because… uhm they had a record breaking year but they wanted more and thus it was nearly bankrupting them. Emotionally, I mean.
Some of us only get a membership to the jelly of the month club.
where do you think the money went? I imagine a lot of it went to workers salaries…
[sweating profusely] Developers! Developers! Developers! Developers! Developers!
I hope this meme never dies, but I fear it’s already reaching obscurity
I only learned about it 3 weeks ago… trying to keep it alive
I’M DOING MY PART
You’re right, a lot of it probably went to the devs but from what I’m reading the cash burn is so bad because it’s extremely chaotic in there, lot’s of bad decisions, canceled projects, lot’s of directors swapping places. No idea what part of it went to low ranking devs and what went to consultants and building useless prototypes.
My understanding is that Facebook’s culture is very cutthroat. Throw other people under the bus, try to make your rivals’ project fail, do a huge unnecessary refactor to “make a name” for yourself, that sort of stuff.
imagine if they used it develop poor countries
My guess is they collected enough unique data from people using the headsets that its a wash.
No, from what I’m reading they just pump money into it senselessly. VR/AR devices are $1B a year market and they pumped like $18B into it in a year. They just don’t care because they make so much money they can burn it.