Because they don’t care. They talked a big game, pointing out obvious flaws for normal people, but they just want to get a profit on their day trading. Investors are also terminally stupid, they have no pattern recognition, so when a company cuts operating costs the evaluation will very temporarily go up even if it’s objectively a bad thing in every possible way. I assume the grift is clear going forward from there.
I dont understand laying developers off. Lay off marketing, support staff, HR, communications…literally anything but what makes your product.
Making a product is an inconvenience to them.
Because they don’t care. They talked a big game, pointing out obvious flaws for normal people, but they just want to get a profit on their day trading. Investors are also terminally stupid, they have no pattern recognition, so when a company cuts operating costs the evaluation will very temporarily go up even if it’s objectively a bad thing in every possible way. I assume the grift is clear going forward from there.
Also, they are mostly bots.