▲ 474 ▼ Cloudflare to fire 1,100 staff whose jobs just aren’t AI enough (www.theregister.com) submitted 6 months ago by StillAlive@piefed.world to c/technology@lemmy.world 74 comments fedilink hide all child comments
[–] Maeve@kbin.earth 5 points 6 months ago (2 children) Not even investors. Majority shareholders/BoD. permalink fedilink source parent hideshow 2 child comments replies: [–] boonhet@sopuli.xyz 2 points 6 months ago (1 child) Uhh... All shareholders get wealthier when the stock price goes up, there's no magic mechanism where it's only majority shareholders. Obviously majority shareholders will make even more, but they all profit from it. I'm not even American and my retirement fund jumped up decently from the S&P 500 going up. Though now I've exited from the US ETFs completely. Only Europe and Asia now. permalink fedilink source parent hideshow 1 child comment replies: [–] Maeve@kbin.earth 4 points 6 months ago Pennies or a few hundred vs millions was the point. permalink fedilink source parent
[–] boonhet@sopuli.xyz 2 points 6 months ago (1 child) Uhh... All shareholders get wealthier when the stock price goes up, there's no magic mechanism where it's only majority shareholders. Obviously majority shareholders will make even more, but they all profit from it. I'm not even American and my retirement fund jumped up decently from the S&P 500 going up. Though now I've exited from the US ETFs completely. Only Europe and Asia now. permalink fedilink source parent hideshow 1 child comment replies: [–] Maeve@kbin.earth 4 points 6 months ago Pennies or a few hundred vs millions was the point. permalink fedilink source parent
[–] Maeve@kbin.earth 4 points 6 months ago Pennies or a few hundred vs millions was the point. permalink fedilink source parent