Hiring being completed and frozen are very different things lol. Meta will never die so unfortunately your irrational "hope" won't happen. Love all the salty people. Extra hilarious that it's happening on blind.
@public2 I have no idea how tf the economy works. Chase has been bringing in like $30 billion of profit a year for the past several years (similarly to Meta). There have been years where only Apple brings in more profit, but it doesn't move Chase's stock at all. However, if Meta's best idea to privacy changes is Metaverse, then I'm worried investors are gonna run.
You got it. Stock prices, especially in the short term, are wild guesses of potential future business vs actual book value. Meta leads on privacy (by miles) and facts will eventually catch up and replace the memes. Yep investors are going to hate web3/metaverse, at least in the short term as inventing the next computing platform is super expensive! Luckily meta only has to answer to one shareholder so can make huge bets!
It's a bloodbath out there. I'm not an alarmist by any means, but there are a lot of things going the wrong way in the economy right now. I just hope the bottom isn't too deep.
We're pulling the plug on cheap money. Not sure that's a bad thing. The alternative is likely worse. Yeah, stocks will get hurt for the time being, but a good lesson that cash is king.
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