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Meta in talks to reincorporate in Texas or another state, WSJ reports

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Re: Meta in talks to reincorporate in Texas or another state, WSJ reports

#181
post #62
post #25

Earlier quoted context omitted.

Yes. He saw what happened to Musk.

Musk got told he was too greedy about his salary. Which he was.

Musk basically offered shareholders a deal that if he 10x ed the stock he gets 10% of that. The shareholders oked it twice but a judge in Delaware said lets block that. It wasn't really about greed.

I kinda feel in business if two parties make a deal and are happy with it then it's not really the job of the courts to prevent them.

Re: Meta in talks to reincorporate in Texas or another state, WSJ reports

#182
post #93

Earlier quoted context omitted.

The problem with #2 is Meta doesn't operate in a vacuum. Assuming there are problems to be solved, if Meta doesn't do #1 then someone else will. The someone else will eventually surpass Meta.

Surpass Meta in what? Meta’s revenue comes from social networks. Revenue doesn’t not increase with LOC. Writing 5x more code does not get you X billion users.

No company can rest on its laurels, even one the size of Meta. No one said LoC increases users or revenue, implementing ideas does though. If Meta decides to use the benefits of AI to keep the current productivity and cut staff instead of increasing productivity, they will eventually be displaced by a group that went the other way.

Re: Meta in talks to reincorporate in Texas or another state, WSJ reports

#183
post #62
post #25

Earlier quoted context omitted.

Yes. He saw what happened to Musk.

Musk got told he was too greedy about his salary. Which he was.

what do you mean greedy? he made a deal and crushed the metrics necessary to hit that deal. without him there is no tesla.

Re: Meta in talks to reincorporate in Texas or another state, WSJ reports

#184

Earlier quoted context omitted.

> the CEO publicly stating that they're firing the bottom 5% of performers I understand that people don't like any talk about layoffs and performance management, but I've never worked at a company where being in the bottom 5-10% of performers meant your job was safe. I've also never worked at a big company that didn't have at least 1-in-20 people who were clearly underperforming and everyone around them knew it. I kn…

The problem isn't that they are cutting 5%, it's that they use stack ranking. Within a team of 10, you may have the top 10 performers in the whole company, but the manager still has to rank them and assign at least one of them the bottom ranking, or engage in a lengthy battle to defend their high rankings. They're not actually finding the bottom 5%, they're giving managers an excuse to get rid of people the don't lik…

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Re: Meta in talks to reincorporate in Texas or another state, WSJ reports

#185
post #6

Earlier quoted context omitted.

What do you mean by "illegally"? If the government allows SpaceX to block roads, then... SpaceX blocking roads is legal. What other definition of "legal road closure" is there?

There are limits to when and for how long you are allowed to close roads for specific purposes, just as there are limits to when and where you can launch rockets of specific sizes. SpaceX ignored the rules, and nobody enforces them despite the protests from residents of Boca Chica. Obviously the Texas government agrees with you that the law is whatever they choose to enforce, but there are still written rules.

I'd be interested in reading about the legal limits to road closures, and reading about how they apply to the government and not just to private enterprises — since it's not in fact SpaceX closing the roads, but actually the Texas courts ordering road closures (for safety purposes around SpaceX launch sites). I haven't seen evidence that SpaceX is actually breaking any laws here.
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