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

reuters.com

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

#91

Post by kasey_junk »

dgfitz wrote: post #65
kasey_junk wrote: post #39

Earlier quoted context omitted.

The comment acknowledges this. As they say a move from Delaware to Texas signals something, it signals that the company goes not particularly care about shareholder protections or governance. It implies that the leadership of the company is more interested in not being constrained than in serving their shareholders.

Only if you assume that not being constrained is somehow a bad thing for shareholders, which apparently is a logical fallacy some believe true.

It’s less a value judgement than a fact of law. Delaware has strict rules, precedents and courts that enforce shareholder protections. By leaving Delaware the company has signaled that giving that up is less if a downside than whatever upside they are getting in the new jurisdiction.

In the case of Tesla it was an explicit repudiation of those rules that caused the company to leave, so it’s reasonable to see it as a signal.

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

#92

Post by hinkley »

_zoltan_ wrote: post #79
hinkley wrote: post #62

Earlier quoted context omitted.

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

without Musk there is no Tesla.

I know a PayPal employee who would get a vein on his forehead if you suggested Leon had anything to do with their success.

Whether it’s true or not another .1% of his net worth per year isn’t going to prove it.

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

#93

Post by matwood »

insane_dreamer wrote: post #59
GoatInGrey wrote: post #35

Earlier quoted context omitted.

> a week later stating that the LLMs that his researchers / engineers are working on will soon be able to replace them. This is a pessimistic interpretation of Mark's words that has been trumpeted in the media. Which I am appalled to admit. He said that they anticipate the majority of new code to come from AI models rather than human engineers. He then adds that they expect developers to be augmented by these tools.…

> He said that they anticipate the majority of new code to come from AI models rather than human engineers. He then adds that they expect developers to be augmented by these tools. only 2 ways this can work: 1) Meta collectively generates 5x more code than it presently is capable of generating 2) Meta generates the same amount of code than it presently does, with fewer engineers since each engineer can (supposedly) g…

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.

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

#94

Post by readthenotes1 »

foogazi wrote: post #37

Is it a mental illness if a billionaire many times over still wants more money ?

Bertrand Russell would apparently say "no, that's just being human"

"All human activity is prompted by desire" --but read the rest, it's insightful even (especially) for today

https://www.nobelprize.org/prizes/literature/1950/russell/le...

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

#95

Post by rcpt »

insane_dreamer wrote: post #59
GoatInGrey wrote: post #35

Earlier quoted context omitted.

> a week later stating that the LLMs that his researchers / engineers are working on will soon be able to replace them. This is a pessimistic interpretation of Mark's words that has been trumpeted in the media. Which I am appalled to admit. He said that they anticipate the majority of new code to come from AI models rather than human engineers. He then adds that they expect developers to be augmented by these tools.…

> He said that they anticipate the majority of new code to come from AI models rather than human engineers. He then adds that they expect developers to be augmented by these tools. only 2 ways this can work: 1) Meta collectively generates 5x more code than it presently is capable of generating 2) Meta generates the same amount of code than it presently does, with fewer engineers since each engineer can (supposedly) g…

Competition means everyone is now 5X faster. So you can't get by with the previous output level.

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

#96

Post by tokioyoyo »

darth_avocado wrote: post #64
tokioyoyo wrote: post #51

Earlier 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.

Eh, people will still move to California to start a business. When it gets threatened enough, it'll cave and play ball with other states to get back into the game. Having an insane upper hand with the climate based desirability will help them to get back on track, in my opinion. Now, I don't live in CA, and wouldn't want to move for some other reasons, but I genuinely don't think there is a better climate than SF, LA, SD metro areas. Maybe Cape Town, but then again, different problems.

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

#97

Post by tdb7893 »

mikepurvis wrote: post #78
kernal wrote: post #69

Earlier 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.

And it was already embarrassing for a myriad of reasons before that including how he went on Joe Rogan talking about how corporations need more "masculine energy". In the hobbies I participate in (notably I'm not in a major tech hub) some of these tech companies are getting a similar social stigma to like finance (and this is especially pronounced among women I know who really don't like what they view as "tech bros")

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

#98

Post by UltraSane »

UncleOxidant wrote: post #50
m_ke wrote: post #13

I 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 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.

"I'm not sure what's keeping LeCun at Meta at this point."

The most obvious options are

1) An insane amount of compensation.

2) Access to an insane amount of compute to train new LLMs.

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