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.
[ Parent
| on HN ]
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.