this post was submitted on 08 May 2026
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Cloudflare to fire 1,100 staff whose jobs just aren’t AI enough (www.theregister.com)
submitted 9 hours ago* (last edited 9 hours ago) by StillAlive@piefed.world to c/technology@lemmy.world
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[–] boonhet@sopuli.xyz 1 points 23 minutes ago (1 children)

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.

[–] Maeve@kbin.earth 1 points 20 minutes ago

Pennies or a few hundred vs millions was the point.