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A comment on Mass Layoffs and Absentee Bosses Create a Morale Crisis at Meta. Parent comment

Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a... by renewiltord on Wednesday April 12, 2023 @01:00PM (#35542887)
It is Nov 14 2018. Facebook share price is $139. The WSJ publishes reports that Facebook morale is tanking. The top HN comment reads that Zuckerberg doesn't understand Facebook.

A year later, Facebook ends 50% higher. Another year later, Facebook is 30% again higher. And it happens for another year. In the end, what gets Facebook is Apple AAT but it still ends up 60% higher than when that comment was posted.

https://news.ycombinator.com/item?id=18450058

[ Parent | on HN ]
Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a... by mmmmmbop on Wednesday April 12, 2023 @01:47PM (#35543716)
Really appreciate the perspective, thanks!
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Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a... by minsc_and_boo on Wednesday April 12, 2023 @02:31PM (#35544516)
Facebook is only up 30% since 2018.

Comparitively, NASDAQ and SP500 are up 69% and 55%, respectively. Even GOOG is up 100%.

Facebook is performing worse than the natural growth of the markets, so maybe moral is important?

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