Steven Lacks

@trevorlasn @WSJ It's not. It's insider knowledge.

@WSJ yeah the hard part is people read this as gambling odds, but the venue behaves more like market microstructure. skill, tooling, latency, bankroll discipline all compound

A WSJ analysis found 67% of Polymarket profits goes to just 0.1% of accounts, while most traders are in the red. Most Kalshi users also lose money. on.wsj.com/4td9UPy

@slworking2 @StockMKTNewz I'd honestly bet that the engineers they let go of are the better ones, meanwhile the incompetent decision makers will still be there.

Meta's engineers are some of the most incompetent in the industry! Meta engineers designed a faulty AI moderation system that has wrongfully banned millions of Instagram and Facebook accounts. Meta's customer service is non-existent for both users and advertisers. THINK TWICE BEFORE HIRING ANY LAID OFF META EMPLOYEES!

JPMorgan projects cost savings in the range of $5 billion to $6 billion annually if Meta Platforms $META were to cut 20% of its workforce