3 ms·
GOOG is up 3%, MSFT, AMZN, APPL are up 2%. Snap is up 4%. FB is "only" up 4.5%. If you need to fire 13% of staff to get a 1.5-2.5% bump in price - that doesn't
by onlyrealcuzzo 4y ago
GOOG is up 3%, MSFT, AMZN, APPL are up 2%. Snap is up 4%. FB is "only" up 4.5%.
If you need to fire 13% of staff to get a 1.5-2.5% bump in price - that doesn't look great to me.
Almost seems like the market is signaling that they don't see any growth potential for FB outside of canceling the Metaverse.
- lordnacho 4y agoDon't you have to subtract the fact that the entire market is up today?
- msm_ 4y agoThey did, they estabilished that the tech average is 3% today, and subtracted this from meta's 4.5%
- HDThoreaun 4y agoup 6.5% now
- blsapologist42 4y agoGiven all the leaks it seems reasonable that these layoffs have mostly been priced in already.