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Facebook down 20% in after hours
invite response
2022 Oct 26, 6:57pm 9,722 views 60 comments
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zzyzzx
2023 Oct 25, 11:38am
zzyzzx
2023 Oct 25, 11:38am
https://www.wbaltv.com/article/maryland-meta-facebook-instagram-lawsuit-youth-mental-health/45631058
Maryland among dozens of states to sue Meta over 'youth mental health crisis'
Maryland among dozens of states to sue Meta over 'youth mental health crisis'
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It is around $103 in after hours trading and has lost about 73% from its all time high of $381
What is Zuck trying to do ? Is it to prove a point about capitalism and the stock market ?
$$$$$ Notice Sheryl Sandberg bailed out at the right time. $$$$$
Or is he intentionally driving down the price so that they can buy back more shares ?
What gets me is that they finally said in today's earnings report that they are working on streamlining and cutting costs. This is the first time I've heard Meta say this in an official capacity.
What took them so long, or are they just trying to prove that its better to just employ useless workers, or to employ useful workers on useless projects ?