>expect to start loosing ad revenue They are already bleeding ad revenue, badly. But yeah, agree with you overall. In summary, they were flush with money for

>expect to start loosing ad revenue They are already bleeding ad revenue, badly. But yeah, agree with you overall. In summary, they were flush with money for a while, invested and hired like crazy, couldn't grow revenue and productivity and are now shedding costs. We have to remember that these companies weren't affected by layoffs at the start of the pandemic; in fact, the opposite. They boomed.