BerkubernetusJan 23, 2023

Folks are treating the recent tech layoffs as something spontaneous. They were not. Apparently the current layoffs were orchestrated by hedge funds.

This hedge fund demanded that the big tech companies lay people off because they were being paid too much. Let that one sink in: a hedge fund manager saying that you're being paid too much.

Note that TCI is demanding that Google lay off more people.

Show threadBerkubernetusJan 23, 2023
A lot of evil in the world could be prevented by outlawing hedge funds.
Show threadSriram "sri" Ramkrishna - 😼Jan 24, 2023

@fuzzychef these same hedge funds are also driving the costs of housing up. They are overall creating havoc.

With a divided congress, we are not going to be able to do anything until we have Dems back in the House. You know the GOP are not going to do anything.

Show threadLitzz11
@sri @fuzzychef I wish more people would talk about this. Our affordable housing crisis is not because we aren't building enough, and not because our zoning is wonky. It's because housing financing mechanisms are removed from the markets they serve and are geared toward investor profit, not providing housing. It's all upside down.
Jan 24, 2023 at 12:20pmWeb