Taking your comment in good faith. Snap has a lot of fluff around it that has questionable value (TV Shows, Games). In a recession the investors like to see tha

Taking your comment in good faith. Snap has a lot of fluff around it that has questionable value (TV Shows, Games). In a recession the investors like to see that fluff gone because it's harder to raise money. Snap with 20% of its employees gone is more valuable because it focuses on the business that actually makes money instead of hopeful moonshots. You most likely wouldn't see a large uptick in value if this was an industrial "value" company.