Mark Zuckerberg announced layoffs at meta platforms, 10,000 employees. Shares of meta are up 6% today and year to date, the stock is up just over 50%. This seems to be a recognition that Mark Zuckerberg appears to be very serious about the underlying profitability of the business coming on the heels of a year or two when he was looking to spend money on Metaverse.
Just because the "Oracle of Omaha" has been quiet lately doesn't mean he isn't sizing up his next big buy.
(0:21) Bill Mann discusses: - The latest CPI numbers and the current state of play in the banking industry - One bank that fits the description of something Warren Buffett might be interested in - Meta Platforms announcing another round of layoffs
(14:58) Sanmeet Deo and Tim Beyers face off against one another with stocks they believe are a better buy right now.
Companies discussed: FRC, SCHW, SIVB, PNC, META, XPOF, MNDY
Host: Chris Hill Guests: Bill Mann, Sanmeet Deo, Tim Beyers Producer: Ricky Mulvey Engineers: Dan Boyd
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