Hacker News Reader

Meta stock went from a low of $89 to now $124 after the layoffs. Wallstreet loves some good bloodshed and rewards it with higher stock price!

P.S. Ex-Meta who got impacted by the layoffs

Meta especially went up because their biggest problem is mark going rogue. Investors have no control over him and he’s been continuously signaling over the last year that he has no interest in listening to them. The layoffs were a token that showed he hadn’t totally turned his back. A bit of a unique situation.

It'd be crazy if they didn't. Especially after the covid bubble and running headlong into economic uncertainty.

It also didn't go up that much. 1.7%?

Yes it is crazy.

The craziness encompasses the entire system

Systemic insanity