Apple to lay off a third of its workers (1997)
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Re: Apple to lay off a third of its workers (1997)
#2Ah, the old double-take-before-seeing-1997 trick.
Re: Apple to lay off a third of its workers (1997)
#3Great callout. I believe the playbook for Twitter is now crystal clear:
* Bring back Jack Dorsey as the founding luminary
* Have him strike a deal with their ancient rival Facebook for an injection of capital in exchange for embedding Instagram on Twitter
* Watch as the stock price goes vertical (??)
Re: Apple to lay off a third of its workers (1997)
#4Great callout. I believe the playbook for Twitter is now crystal clear: * Bring back Jack Dorsey as the founding luminary * Have him strike a deal with their ancient rival Facebook for an injection of capital in exchange for embedding Instagram on Twitter * Watch as the stock price goes vertical (??)
Yes I know this is a joke. But I think the satire was about bringing Dorsey back.
Just to make it perfectly clear though, Microsoft’s “injection of cash” - at the tune of $150 million had nothing to do with keeping Apple solvent. The CFO at the time had just secured a line of credit of a couple of billion before Jobs returned.
Re: Apple to lay off a third of its workers (1997)
#5Ahh yes. The time when Apple stocks were trading less than $1. And the company was on the express train to insolvency.
Re: Apple to lay off a third of its workers (1997)
#6Great callout. I believe the playbook for Twitter is now crystal clear: * Bring back Jack Dorsey as the founding luminary * Have him strike a deal with their ancient rival Facebook for an injection of capital in exchange for embedding Instagram on Twitter * Watch as the stock price goes vertical (??)
Yes I know this is a joke. But I think the satire was about bringing Dorsey back. Just to make it perfectly clear though, Microsoft’s “injection of cash” - at the tune of $150 million had nothing to do with keeping Apple solvent. The CFO at the time had just secured a line of credit of a couple of billion before Jobs returned.
At the time I think reassuring the public that Microsoft Office would continue to be available on Macs was more important than the money.