META: 100.03 -29.79 (-22.95%) ( Update: It’s now below $99/share.

In tech, compensation often includes significant shares. This has to be horribly demoralizing for Meta (FB, IG) staff and is going to be hard for Meta to recover from this. Meta is fundamentally an ad business.

Update: It is horribly demoralizing for FB staff who have apparently been told they need to put in 200% effort over the next 90 days or be fired. Stock is trading at about $99/share on October 28.

Coldstreams Skeptic