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Comment by monero-xmr | Hacker News Reader

Or there are business lines that have no hope of ever being sustainable, and as a private business that has to earn a profit to survive, it makes sense to stop throwing money away.

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It probably doesn't help that the bar for sustainability was raised from 'generates any profit, ever' to 'generates a few % profit per USD invested each year, eventually'.

> the bar for sustainability was raised from 'generates any profit, ever' to 'generates a few % profit per USD invested each year, eventually

Those sound as though they overlap

Well it's not as if it's changed massively, but it turns out quite a lot of stuff fit in the small gap between both definitions.

How much do you need your 401k/IRA to go up each year? How much does your city/state need its pension investments to go up each year?

The productivity of the future (or now) has already been borrowed from, and it has to be delivered on, even if only nominally.

Speaking of business lines that have no hope of ever being profitable, I'm still waiting them to cancel the metaverse project, but it still looks like Zuck's ego >>> the appearance of future profitability >>> the people who actually make facebook's core competences function.

The more people they lay off while keeping that dumpster fire going the more alarm bells go off in my head around the long term viability of their stock. It definitely doesn't belong in a pension.

Its fashionable among herd mentality investors now to do noisy lay-offs, but the smart money is probably quietly hiring these days.

The Metaverse isn’t going anywhere, like it or not.

Amusingly, there are two ways to read this comment.

There's also a third interpretation.

explain?

"isn’t going anywhere" can mean:

a) it isn't making progress

b) it isn't going away

c) you can count on it

Hah, ye. I think the "it is not here and will not move" interpretation is the most valid one.

The metaverse efforts at Meta isn’t just one project. It’s a massive org with multiple VPs driving many many different product lines. It’s not going anywhere.

They're laying off many, many people in several waves and if you are correct the fact that they've hired a lot of people is still an obstacle, or justification to do something that does not make sense. That's funny. And sounds like them.

> It's not going anywhere.

Including towards a potential revenue stream?

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