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A comment on Meta and Google are cutting staff. Parent comment

Re:Meta and Google are cutting staff by nappy-doo on Wednesday September 21, 2022 @03:14PM (#32930032)
Not really. Meta raised 10B (really their first debt ever) in April 2022, and GOOG has like 14B in debt. Google could pay that with less than a quarter's worth of earnings, and I think Meta's not far behind.

IMO, the market is overreacting. Both companies look pretty cheap to me.

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Re:Meta and Google are cutting staff by nluken on Wednesday September 21, 2022 @04:10PM (#32930865)
Markets are forward looking. FB's growth numbers don't look great, and if you don't buy into their bet on the Metaverse you might be less inclined to see a bright future for that company.
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Re:Meta and Google are cutting staff by edmundsauto on Wednesday September 21, 2022 @05:17PM (#32931645)
Markets are forward looking, but people making the decisions are plagued by recency bias and fighting the last battle. No comment on the relative contribution of different incentives, but being "forward looking" doesn't mean "correct" and it can also include an overreaction based on recent data points.
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Re:Meta and Google are cutting staff by acchow on Wednesday September 21, 2022 @05:11PM (#32931576)
If FB revenue stops growing, markets are going to keep punishing it. A PER of 11 won’t feel cheap with 0% growth
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