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| Facebook Morale Takes a Tumble Along with Stock Price (wsj.com) | ||
| recommended by 1 user | 2018 | 382 points by dsgerard | big tech | original thread | | ||
| One user recommended this thread. What they said: |
| renewiltord Apr 12, 2023 | on: Mass Layoffs and Absentee Bosses Create a Morale Crisis at… | context |
It is Nov 14 2018. Facebook share price is $139. The WSJ publishes reports that Facebook morale is tanking. The top HN comment reads that Zuckerberg doesn't understand Facebook.
A year later, Facebook ends 50% higher. Another year later, Facebook is 30% again higher. And it happens for another year. In the end, what gets Facebook is Apple AAT but it still ends up 60% higher than when that comment was posted.
https://news.ycombinator.com/item?id=18450058