Gregory's Server@ariadne @fuzzychef And, it's not like Google is hurting for money or needs to pay attention to even the biggest hedge funds. I'm really ticked at what Google, in particular, is doing and I'll be ranting about it in print soon.
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19 comments
 @ariadne @fuzzychef Yeah, but I wish Alphabet the balls to say f-off. The Google cuts are into muscle and bone, not fat. <Rant, Scream, Rant!>  @ariadne @oneiros @sjvn @fuzzychef being able to mass sell 6 billion usd worth of stock and crash the price is itβs own form of voting. and thatβs just TCI. they have friends.  @fuzzychef @ariadne @oneiros 4th quarter results are on Feb. 2nd, but they won't show the layoff results for at least another quarter. I'm glad I don't cover that end of technology. @ariadne @oneiros @fuzzychef The funny thing about covering technology for a living is that after a while 6 billion doesn't even sound like that much. And, for Google I think that makes them like 22nd or so in the list of top stockholders. That said, I'm pressed to think of another good reason for these cuts except an irrational fear of recession.  @sjvn @ariadne @oneiros @fuzzychef they all eat in the same plates. Across all companies, shareholders are the samey their name on paper might be different, but their money speaks as one and this is why this firing storm is happening. While they exist, nothing will change. And this will happen again. @ariadne @sjvn @fuzzychef Just a reminder that with Google's voting structure, the hedge fund votes matter not at all -- L+S have a lock on any vote by a lot. They have the 10x shares (same as Meta + Zuck). @sjvn @ariadne @fuzzychef after how these (first?!) cuts gutted Google's OSPO, GOOD. I look forward to seeing your longer-worded rant. @communiteatime @sjvn @fuzzychef Googleβs OSPO has done a lot of great work over the years advancing the values of software freedom, both in a social and technical way. it is a loss in the big picture view. but the OSPO is one of the largest anti-copyleft voices in the room. there have been several instances where i have had to choose non-copyleft licenses for my projects, because of how the OSPO influenced the industry resulting in my employment contracts disallowing copyleft licenses. @communiteatime @sjvn @fuzzychef so given that, i think itβs ultimately a good thing that OSPO is so effectively gutted that itβs basically dissolved. one of the largest anti-copyleft lobbyists in the industry will be gone. that is a good thing for software freedom. |
@sjvn @fuzzychef
Alphabet is a publicly traded company.
the activist hedge funds (of which TCI is just one, but they had the balls to publicly say it) have non-trivial amounts of voting power.