I’m speaking more to the stock price than Meta’s actions. Shares trading lower than they were 5 years ago. And many of the unprofitable growth companies down 80-90% in less than a year.
Point is tech companies are highly sensitive to interest rates and now have to course correct in a world where the market is punishing excessive spending.
Point is tech companies are highly sensitive to interest rates and now have to course correct in a world where the market is punishing excessive spending.