Comment on Microsoft laying off about 6,000 people, or 3% of its workforce

• FreedomAdvocate@lemmy.net.au ⁨3⁩ ⁨weeks⁩ ago

  Are you sure about that?

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  • jenesaisquoi@feddit.org ⁨3⁩ ⁨weeks⁩ ago

    The stock reflects peoples beliefs, not facts

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    • FreedomAdvocate@lemmy.net.au ⁨3⁩ ⁨weeks⁩ ago

      And if people’s beliefs are that their AI deals are good, prices will go up. That’s ROI baby!

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      • Wooki@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

        No, that is not ROI, thats trade value and is mainly a reflection in shareholder payments and perceived growth potential.

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      • supersquirrel@sopuli.xyz ⁨3⁩ ⁨weeks⁩ ago

        *For now

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  • Wooki@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Absolutely, Natella (intentional) has commented about the valueless hype for one. The stock value has little to do with short term returns, I would expect a correction in 12-24months as openai cash starts running dry and it begins reflecting in their stock value first and foremost.

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    • FreedomAdvocate@lemmy.net.au ⁨3⁩ ⁨weeks⁩ ago

      AI isn’t just hype though, especially not in ways that Microsoft as a huge service provider can use and provide it.

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      • Wooki@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

        Yes, it is.

        Read the first line of my post above.

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