The market loves layoffs.
Reports say Meta may cut 20% of its workforce.
- Employees: 80,000
- 20% cut = 16,000 jobs
Average Meta compensation: $379K
16,000 × $379K = ~$6B annual savings
At a 31.5 P/E, that equals ~$191B in valuation impact.
Meta market cap: $1.6T
That’s roughly 12% of the company.
If true, the stock could jump 5–12% on the announcement.
The letter Frederick Douglass wrote to the enslaver he had escaped from is the things most heart-wrenching things I’ve ever read. Rhetorically brilliant & profoundly Christian. Douglass should be required reading in Christian education. This part about his kids though: 😢😢
Update on Damar:
His vitals are back to normal and they have put him to sleep to put a breathing tube down his throat. They are currently running tests.
We will provide updates as we have them.
This weekend, a white man drove 200 miles to a historic Black neighborhood in Buffalo, New York, and shot 13 people in a grocery store, 11 of whom were Black, while victims were innocently seeking to buy food for their families. https://t.co/wMZtqEgjxb