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Meta's looming layoffs & path forward, Airbnb answers concerns & more | E1606
This Week in Startups
Public Market Investing - What Is So Bad About Public Market Investment?
Wall Street Journal didn't give a number. It did say that they thought it would be many thousands of people, but that could be 5%. I think there were 5,000 people laid off at those five companies. For this to have an impact, it's got to be 5%. At least. So somewhere between 5 and 10% would be in some way hit the bottom line. If it's less than 5%, if it're less than 5,000 employees, this is a token. And I made a bad J trade to be a complete free market monster.
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