and now almost at $300 again. nuts. Yeah, so many people in 2022 got this wrong. I don't think Zuck was at much risk of killing his company. Meta stock keeps going up, and is one of the biggest performers on the Nasdaq by far, almost back to its old highs.

The metaverse may have been a dud and the company was fined by the EU, but so what. Instagram and Facebook are more dominant than ever, and it's an advertising juggernaut. CPMs and CPC rates at record highs due to record advertising spending. Go ahead and try to find a company that is at the perfect intersection of profits, size, market dominance, and moat like Meta...maybe Microsoft, Alphabet. Not many.

It was not just the job cuts...many companies have/had big layoffs , like during the early 2000s or 2008-2010, and did not see anywhere close to such a huge recovery that Meta saw.

The markets seemed to ignore the $410 million fine that Meta received for GDPR violations, along with the fact that European users will now have to deliberately opt-in to sharing their data

large occasional fines by the EU are bascially seen as a cost of doing business. see Alapbet, which has been fined many times.