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A comment on Meta to Layoff 10k Employees. Parent comment

Re:Meta to Layoff 10k Employees by onlyrealcuzzo on Tuesday March 14, 2023 @10:51AM (#35152408)
GOOG is up 3%, MSFT, AMZN, APPL are up 2%. Snap is up 4%. FB is "only" up 4.5%.

If you need to fire 13% of staff to get a 1.5-2.5% bump in price - that doesn't look great to me.

Almost seems like the market is signaling that they don't see any growth potential for FB outside of canceling the Metaverse.

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Re:Meta to Layoff 10k Employees by lordnacho on Tuesday March 14, 2023 @12:33PM (#35154171)
Don't you have to subtract the fact that the entire market is up today?
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Re:Meta to Layoff 10k Employees by msm_ on Tuesday March 14, 2023 @01:02PM (#35154628)
They did, they estabilished that the tech average is 3% today, and subtracted this from meta's 4.5%
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Re:Meta to Layoff 10k Employees by HDThoreaun on Tuesday March 14, 2023 @12:34PM (#35154183)
up 6.5% now
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Re:Meta to Layoff 10k Employees by blsapologist42 on Tuesday March 14, 2023 @07:16PM (#35160812)
Given all the leaks it seems reasonable that these layoffs have mostly been priced in already.
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