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Re:Meta stock sinks more than 23% by AnotherGoodName on Thursday October 27, 2022 @11:04AM (#33358626)
The stock is down 70% to be clear. 20% is just what happened today.

Now there's three hits. Employees generally kept their stock. So their savings went down. The pay is down as you said. Lastly inflation.

In addition job mobility is down. There's still plenty of tech jobs but it's definitely down and not as easy to just switch.

It's one hell of a return to earth although perhaps overdue.

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