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And frankly layoffs had almost no effect on their stock prices. Announcing new products, even if quite half-baked AI efforts, had much bigger impact on stock pr

by kccqzy 3y ago

And frankly layoffs had almost no effect on their stock prices. Announcing new products, even if quite half-baked AI efforts, had much bigger impact on stock prices than layoffs.

henry2023 3y ago
Ask facebook
- mertd 3y ago
  Meta stock performance is not really attributable to layoffs.
- filoleg 3y ago
  Meta stock price is almost back to its all time high. 149% up since the beginning of the year, 249% up since its lowest point of the crash.
nine_zeros 3y ago
> And frankly layoffs had almost no effect on their stock prices. Announcing new products, even if quite half-baked AI efforts, had much bigger impact on stock prices than layoffs. This is true but you know what? Every action of the CEO is meant for the investors and large shareholders. The layoff is merely a signal that says "I am willing to do what it takes to give you your return. Buy more shares"