I think we all know that how this is received will be entirely down to where the cuts come. If the cuts come in the Metaverse R&D, the stock price will jump and

I think we all know that how this is received will be entirely down to where the cuts come. If the cuts come in the Metaverse R&D, the stock price will jump and everyone will be more or less happy - you can believe in the Metaverse and that project and still understand it is a massive overinvestment. If the cuts come in the legacy business with the Metaverse protected I think that will be an indication that no Meta shareholders can honestly expect to see the revenue from the social media business, Zuckerberg will burn it all before he hands it back to shareholders, so in that case this could be a horrible performing stock. And of course that's important because most people at Meta have significant stock based comp.