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Does anyone understand why Meta is up 23% today? Did the cuts show an impact in Q4? I'd have assumed the initial cost of the severance would be significant. ht

• HDThoreaun 4y ago
  Mark signaled he will listen to investors instead of spitting on them as he has been for the last yea or two.
• theposey 4y ago
  40B buyback
• gen220 4y ago
  Cuts have no impact on 2022 Q4 metrics, because the laid off employees are still on the books through 2023 Q1. It's anybody's interpretation as to why it would trade higher. Raising buybacks to pre-2022 levels, in conjunction with rising ad impressions and reducing opex are all positive factors.
• justapassenger 4y ago
  Meta dropped like rock in 2022, and walstreet assumed it's dying. Their valuation got crushed much more than their peers. Q4 showed that their business is actually still working and company is making necessary changes, so they recovered to be roughly in line with big tech peers.