Snap lays off 20% of employees

Re:Snap lays off 20% of employees by maerF0x0 on Wednesday August 31, 2022 @04:29PM (#32667933)

but the stock jumped 9% so wouldnt that be counter productive for buyback? (ie now you get less consolidation of ownership than before)

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Re:Snap lays off 20% of employees by robocat on Wednesday August 31, 2022 @05:05PM (#32668339)

They don’t need more ownership: “The result is that Spiegel and Murphy own a whopping 99.5% voting control of the company.” - https://www.marketwatch.com/story/as-snap-melts-down-its-fou...

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Re:Snap lays off 20% of employees by maerF0x0 on Thursday September 01, 2022 @05:32PM (#32683562)

my point is if the stock price jumps then the buyback occurs at a greater price per share, making the effect of the buyback less effective (fewer shares are eliminated)

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