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Mark Zuckerberg Says Leaner Is Better
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.