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dannyr | 3 years ago

Meta's stock is up over 40% this year.

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onion2k|3 years ago

Stock prices reflect a prediction about future profitability or company value, not how nice the company is. The stock going up shows that people who invest in Meta think layoffs will increase profits. That's all.

epgui|3 years ago

Mind fleshing out how you think that relates to this article? One is left guessing at what you mean.

berkle4455|3 years ago

So are Tesla, Nvidia, Uber, Shopify, Cloudflare, Spotify, Roku, Zillow, and Coinbase to name a few. It’s almost like nearly all tech stocks have bounced.

nostrademons|3 years ago

Because investors are expecting the Fed to cut rates this year, which benefits growth stocks much more than value stocks, since future cash flows are discounted by less. If the expected rate cuts don't materialize, this group of stocks is likely to crash hard again.