Not surprising, and I expect more of this in the decade to come. It feels like we’re finally seeing companies begin to draw lines in the sand on where their interests actually lay: power (which Texas grants in spades), profit (which Delaware has historically protected), or values (in which case they would incorporate/move to a place that aligns with said values - of which vanishingly few companies do). If anything, i…
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
#82Re: Meta in talks to reincorporate in Texas or another state, WSJ reports
#83Earlier quoted context omitted.
Engineers don’t seem to be taking the bait, and people are very reluctant to move away from basically the most perfect weather in the entire world almost year round.
When industries move away, taxes do as well. When the taxes go down, services and property values go down. Engineers may not want to give up perfect weather, but they still want to be employed, have their properties not depreciate and want good schools.
Re: Meta in talks to reincorporate in Texas or another state, WSJ reports
#84I can't imagine what it's like at Meta right now, with the CEO publicly stating that they're firing the bottom 5% of performers and then a week later stating that the LLMs that his researchers / engineers are working on will soon be able to replace them. Zuck needs Yann LeCun and other senior researchers at Meta a lot more than they need him. If they were to quit there would be a line out the door to hand them as muc…
But you're fooling yourself if you think you're doing something good for society should've shattered long ago. All these big tech companies have done an immediate and total heel turn to get in line with the administration, which isn't even a partisan issue. The interests of large companies is aligned with US domestic and foreign policy.
Meta (etc) are now no different to Boeing, Lockheed Martin or Northrop Grumman. You are working for a defense contractor.
Every day Zuck further exposes himself as being about his own class interest: that of the billionaire class. It's now OK to say that LGBTQ have "mental illness" on Meta platforms [1]. Meta already had a longstanding policy of censoring and downranking Palestine content [2].
It's also why the government was so keen to ban Tiktok: because it doesn't censor
[1]: https://www.nbcnews.com/tech/social-media/meta-new-hate-spee...
[2]: https://www.nbcnews.com/tech/social-media/meta-new-hate-spee...
Re: Meta in talks to reincorporate in Texas or another state, WSJ reports
#85I can't imagine what it's like at Meta right now, with the CEO publicly stating that they're firing the bottom 5% of performers and then a week later stating that the LLMs that his researchers / engineers are working on will soon be able to replace them. Zuck needs Yann LeCun and other senior researchers at Meta a lot more than they need him. If they were to quit there would be a line out the door to hand them as muc…
I'm not bothered by the free speech policy decisions or Trump political contributions. Especially in light of overreach by the Biden administration, allowing more speech is reasonable, and political contributions to the party in power area always reasonable.
What bothers me is dishonesty from leadership about cost cutting, refusing to answer hard questions at the Q&A, and short-sighted decisions causing a lot of churn. When Sheryl left, the adult in the room that would call out Zuck left. No one's there to tell Zuck that the gold chain and million dollar watch isn't a good look. And now Nick Clegg left and Dana White joined the board. I'm sure his UFC experience will prove indispensable.
Don't get me started on how much money is wasted on AR/VR.
If it weren't for juicy 2023 RSUs and the bad job market, there'd be a lot more turnover.
Re: Meta in talks to reincorporate in Texas or another state, WSJ reports
#86Earlier quoted context omitted.
I'm not sure what's keeping LeCun at Meta at this point. I can imagine he's not happy with Zuck's capitulation. I'm sure you're right that if he decided to leave he'd easily be able to get funding. I'm sure France would be willing to set him up with an AI research lab to get him back there. And there would be plenty of other companies/labs that would be trying to get him.
This type of idol worshipping has to stop. LeCun invented CNN but he also said world simulation using diffusion was a deadened, which has been proven very wrong. The money is better spent hiring new grads with open minds and something to prove.
Re: Meta in talks to reincorporate in Texas or another state, WSJ reports
#87"Year of Efficiency" -> "Year of Intensity" -> "Year of slavery"?
Re: Meta in talks to reincorporate in Texas or another state, WSJ reports
#88Re: Meta in talks to reincorporate in Texas or another state, WSJ reports
#89I can't imagine what it's like at Meta right now, with the CEO publicly stating that they're firing the bottom 5% of performers and then a week later stating that the LLMs that his researchers / engineers are working on will soon be able to replace them. Zuck needs Yann LeCun and other senior researchers at Meta a lot more than they need him. If they were to quit there would be a line out the door to hand them as muc…
>All 3 of them are unaccountable to anyone. In what way are they unaccountable to anyone? Their wealth is tied up in stock whose value is tied to the perception, aka the accountability, of the general public. Not being able to personally destroy someone's wealth because you don't like what they're doing is different from being unaccountable. If tomorrow Zuck released an AI model or FB feature that was deeply unpopula…
Sam already proved that nobody at OpenAI can get him out, and the new board makes that even harder.
Same for Elon.
No matter what happens, all 3 will be billionaires for the rest of their lives.
Re: Meta in talks to reincorporate in Texas or another state, WSJ reports
#90Earlier quoted context omitted.
>I'm not sure what's keeping LeCun at Meta at this point. Maybe he's happy with his compensation, his coworkers, the food at the cafeteria and doesn't want to uproot his life or be burdened with running a company. >I can imagine he's not happy with Zuck's capitulation Who did Zuck capitulate to?
I’d be pretty embarrassed to be working for someone who kissed the ring like Zuck did on Jan 20.