That’s me.

The Cost of Capital Has Dramatically Changed

or … could we please stop letting the stock market ruin lives and the planet?

I just read that thing the dude put about Meta/Facebook needing to lay off 20% of its workforce to satisfy investors.

These would be “regular stockholders,” I guess. Ones that have some money in “Meta” stock. The stock market is supposedly worth less than 10% of the derivatives market, and within this massive structure of digital cash, Meta is supposedly the 7th largest asset holding company. I just read that Meta has slightly less than 90,000 employees.

I guess I just read something written by some dude who thinks he’s smarter than Mark Zuckerberg or at least, his opinion counts more because he has an unknown sum invested in the business —

and his opinion is that 18,000 people should lose their jobs because he’s got some amount of stock.

It’s a “Meta” level of bullshit above the actual bullshit that is “Meta.”

Our world is in the shits because of people like Mark Zuckerberg, who believe they are like the ancient Roman emperor Augustus. Or Mr. Zuckerberg believes that he can accomplish similar feats to the ancient Roman emperor Augustus, such as erecting statues of himself and his wife, maybe even of his children…