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

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.