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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.



Don't you have to subtract the fact that the entire market is up today?


They did, they estabilished that the tech average is 3% today, and subtracted this from meta's 4.5%


Given all the leaks it seems reasonable that these layoffs have mostly been priced in already.


up 6.5% now




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