Meta has gone from 100 to 480 in the last few years. The company was bloated with employees. The founder had a questionable focus on the metaverse. Now employee head count is down 20 percent. Reels has become as effective as tik tok. An editorial on software developers is the number of employees retained at a firm who literally do 2 hours of work a day. #meta #stocks - February 2024
Reply to this Note | Notes Linking Here
Meta has gone from 100 to 480 in the last few years. The company was bloated with employees. The founder had a questionable focus on the metaverse. Now employee head count is down 20 percent. Reels has become as effective as tik tok. An editorial on software developers is the number of employees retained at a firm who literally do 2 hours of work a day. #meta #stocks - February 2024
...Read more
Such strong sales growth, combined with benefits from the company's increasing focus on efficiency, unsurprisingly led to significant operating margin expansion and, ultimately, a more than doubling in earnings per share. Meta's operating margin expanded from 25% in the year-ago quarter to 38%, while earnings per share rose 114% to $4.71. #meta down after April 2024 earnings 14 percent #stocks
...Read more