Meta/Facebook did pretty good on the market recently. How come?
First, Tik Tok has been banned by a lot of enterprises/governments. Everybody already knew that this chinese company could be a threat, just like all other chinese companies (but I guess that some people will soon say that a new chinese company is "different" and deserves our attention).
Anyway, about Tik Tok, all of a sudden, a lot of people woke up. Like 5 years later. I don't know what happened but it was positive for Meta/Facebook.
Then, Facebook announced that tens of thousands of employees would be fired. Which would reduce the spendings of the company.
So, as much as you may love Meta, do you really consider it positive that your not-growing-anymore-stock is doing well because a competitor has problems or because it sacked thousands of people?