2026-07-18 Social Tech Briefing Summary
Generated by Codex with GPT 5.6 Sol XHigh
I miss the prestige (Blind)
- 6ď¸âŁ7ď¸âŁ: I guess we know which country op is from
- gbKo56 (Gusto): Only Indians care about this
- çŤé (Microsoft): Please touch grass. FAANG is still better than most companies.
Fire! Then Rehire for a discount + fresher talent? (Blind)
- 7ppp (Meta): You got it right. We fire and layoff the most in the profitable part of the industry. This makes every talented engineer and AI researcher avoid us. We subsequently hire new mediocre ones at discount and we celebrate the new mediocre ideas that they bring. The cycle repeats and then even the mediocre ones avoid Meta.
- 6ď¸âŁ7ď¸âŁ: Yes of course. Fire those with a lot of unvested RSUs and then hire people for much cheaper
- OGxb20 (eBay): Or they hire in India
Fidelity recently laid off 800. Now they are posting 200 new positions (Blind)
- Glinda: Fidelity is an H1B abuser. You should see its large Merrimack, NH IT campus.
- slackerswe (Microsoft): Strange they are trying to do perm after layoff. Dol regulations require even a stricter labor test after layoff
- FortiGod (Fortinet): Yes unemployed people must apply and interview for these jobs, so that magically all their bills, insurance and mortgages are paid and these visa holders will leave.
SpaceX stock drops to a new low and loses \$1 trillion in value in a month (r/technology)
- TheWhyOfFry: Still overpriced, especially with Twitter stink all over it.
- turb0_encapsulator: it’s still worth 10x what it should be worth. same with Tesla. I honestly don’t understand the hold this man has over markets.
- Shoehorse13: So Elon is the first ex-trillionaire?
Kevin OâLeary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation (r/technology)
- SadProjection: lmao good, they deserve every penny
- bala_means_bullet: Eat shit, sue them for EVERYTHING they got. Matter of fact, sue for a bunch of shit and see what sticks… that’s all that these rich assholes do.
- Tun-Tavern-1775: Some Fox employees apparently didn’t get that 2023 summary judgment memo from the Honorable Eric Davis of Delaware đ