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Comment by sashank_1509 | Hacker News Reader

There has to be some incredible lag in the news media, to be reporting this at this time when Meta managed to almost triple its stock price in less than a year. Meta beat all analyst estimates in its earnings call, whatever Meta is doing it’s working. My only regret is not investing enough into Meta when it was 90$ (Now it’s 240$)

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> at this time when Meta managed to almost triple its stock price in less than a year

What are you talking about? Meta stock is up 14% from a year ago, down 26% from two years ago. It was last at a third of its current price eight years ago.

Edit: Oh, I get it. You're selectively measuring from its low point six months ago - when it had fallen 75% from its 2021 peak.

i bought about 2k€ of shares when it was between 95-100€/share, so his numbers are almost correct wrt my depot at least (only x2 though) :-)

Prediction: generative AI is going to obviate the status signaling value of social media and quickly render it a pointless exercise, with attendant attrition. People are severely underestimating the impending psychological impact of social media achieving essentially the apotheosis of frictionless fakery. Meta is in huge trouble and so are its investors.

Well, it's about workforce, not the shareholders. There is probably some correlation between morale and stock price, though.

There's a major correlation at a company like Meta where a huge chunk of your compensation is payed in stock grants.

Cutting workforce to boost margins is MBA management 101. Every exec does this, for precisely the sentiment in your comment: it makes shareholders think the CEO is a genius.

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