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>It is no surprise they are shedding workers when the free money runs out. Free money hasn't run out, it's simply stopped growing as quickly. Then again it gre
by marcinzm 4y ago
>It is no surprise they are shedding workers when the free money runs out.
Free money hasn't run out, it's simply stopped growing as quickly. Then again it grew massively during COVID so FAANG is still ahead of where they'd have been if not for COVID. Meta revenue is DOUBLE what it was 3 years ago.
- DebtDeflation 4y agoIt absolutely has. 8 months ago the Fed Funds rate was effectively 0% and now it's 4% and headed higher. That may not mean anything to you, but it means everything to VCs, banks, investors, and the market overall.