Earlier quoted context omitted.
> 996 is just theater for investors. Investors who have not heard of the research into productivity that says long hours have no significant benefit for skilled work? Who have not heard of diminishing returns? Who have no experience of the reality of working long hours themselves?
A lot of these VC types, ah, not the smartest, to put it mildly. See their twitters (or, well, their investments; remember WeWork?)
So in that context theatre in general makes sense. Not sure why long working hours would be - its not something people fund managers about with regard to an IPO, for example, so it probably does not hugely raise exit values.