Personally, I think AI is just a convenient scapegoat for these mass layoffs. Also, these kinds of announcements contribute to sustaining the AI hype which all tech investors benefit from. And investors looove hearing about mass layoffs, stock goes up every time without fail.

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benmusch an hour ago | parent [-]

cloudflare stock went down, genius

investors are not some nefarious monolith cheering for companies to make decisions based on how it benefits The Vibes. they're analysts assessing business decisions.

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oytis an hour ago | parent | next [-]

It went down on poor earnings call. Layoffs were probably an attempt to soften the blow. Hard to tell what was the effect, because the two happened simultaneously

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surgical_fire an hour ago | parent | prev [-]

Wtf are you talking about? Investors are just gamblers with a fancier title.

They abaolutely invest based on vibes.

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benmusch an hour ago | parent [-]

then why did the riveting stock analysis above mis-predict the market?

	▲	surgical_fire an hour ago \| parent [-]
		Because the market makes no sense. It's just vibes. Trying to make sense of it is a fool's errand.