Re:Meta lays off 11,000 people
by gz5 on Wednesday November 09, 2022 @08:32AM
(#33531324)
Corporate-speak aside, Meta and Stripe couldn't be more different:
+ Meta is funding a new business. Stripe is funding expansion of current business.
+ On existing revenue, Meta has new threats which had little to do with C19 (Apple's changes, Tiktok etc competition, ad budgets moving to influencers). Although Stripe is not public (so less numbers to analyze), it doesn't seem like they have similar pressures on revenue.
+ The main similarity is they are both subject to the impacts of inflation and rising interest rates. However, that is true for almost every large company right now.
+ Meta is funding a new business. Stripe is funding expansion of current business.
+ On existing revenue, Meta has new threats which had little to do with C19 (Apple's changes, Tiktok etc competition, ad budgets moving to influencers). Although Stripe is not public (so less numbers to analyze), it doesn't seem like they have similar pressures on revenue.
+ The main similarity is they are both subject to the impacts of inflation and rising interest rates. However, that is true for almost every large company right now.