Comment by keeda
13 hours ago
This is right on all counts and matches what I've seen and heard. And to all the sibling comments arguing about Elon's Twitter shenanigans being a bad move, it doesn't matter. I know because that's exactly what I said to a senior executive who deals with even more senior executives, and those were his exact words: "It doesn't matter." (A bit more in this thread: https://news.ycombinator.com/item?id=46750804)
I think their attitude could be summed up with this line by the Architect from the Matrix: "There are levels of survival we are prepared to accept."
I would only differ on one point: the situation was not this bad 2015-22. I would actually put the painful periods around the dot-com bust and the GFC. In fact, while not as great as the post-COVID heydays, things actually took off post 2010-ish. This timeline coincided with Meta starting a talent war at the same time that the Apple/Google no-poaching collusion lawsuit was filed.
That sentiment really makes it feel like this entire global economy is balancing on a toothpick of vibes and peer pressure, rather than some carefully navigated system of systems and backups. Wonder how long it can hold out before the camel breaks.
I am beginning to think it's always been like this, which is why the global economy goes through wild ups and downs every few years.