[HDThoreaun]

Meta makes $30 billion a year. It is not a shit performing business. In fact it is one of the best businesses in history. Their stock bounceback isn't because of the layoffs, it's not because investors were actually worried that meta's business was bad. It was because they worried Mark had gone rogue and since he's the controlling shareholder investors have no way to stop him. The layoffs were just the way for him to signal that he still has investors interest at heart.

[gmerc]

For having half the world on it, it’s a shit performing business.

Ironically that part of the racket - everyone thinks they should be performing better in the future, aka growth. But objectively almost every bet for unlocking money failed (commerce, libra, web3, messenger, motors, real estate, sports, news) - the ones that didn’t were forced on them by Tiktok showing them how it is done.

It’s a badly run business, yes one that has a money printer, but badly run nevertheless