On: Meta lays off 11,000 people

[roflyear]

Homie this isn't a fuck up. It's what shareholders want and it is awful.

These 11k employees are not a threat to facebooks existence. Not even close. If that was the case FB stock would be tanking.

FB is pulling in record profits. They just are getting a little nervous and they are laying people off. It is ridiculous.

[falcolas → roflyear]

I don't necessarily disagree with you, and we will see FB's stock bumping back up again now that Zuck's make the "hard decision" to lay off employees.

[roflyear → falcolas]

Yeah. Up 7%! when the SPY is down 1%. Wild.

[disgruntledphd2 → roflyear]

To be fair, up till this point, Metas PE ratio was half that of Google.