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Meta started getting beat up about a quarter before Alphabet. They were 6 months ahead on a hiring freeze, and 3 months ahead on layoffs. They've been thinking
by threadweaver34 4y ago
Meta started getting beat up about a quarter before Alphabet. They were 6 months ahead on a hiring freeze, and 3 months ahead on layoffs. They've been thinking about this a lot longer, and markets respond to if you beat the number the market was expecting, not if you beat internal or external forecasts.
- shostack 4y agoHow is the number the market was expecting different from an external forecast?
- threadweaver34 4y ago"The market" is a bunch of people and computers all making their own guesses that may or may not agree with with the guesses expert analysts make.