$AAPL P/E 7 years ago today was 10. Today it's 28.
Then, FFR was 0%. Now, it's 4.75%.
Then, $AAPL was growing. Aggressively. Now, it's declining on the top and bottom lines.
Mean reversion on this will destroy 401ks.
— RJR Capital (@RJRCapital) April 4, 2023
Largest Layoffs of 2023, So far:
1. Amazon: 27,000 employees
2. Google: 12,000 employees
3. Meta: 10,000 employees
4. Microsoft: 10,000 employees
5. Goldman Sachs: 3,200 employees
6. Coinbase: 25% of employees
7. Zoom: 15% of employees
8. Glassdoor: 15% of employees
9. Twilio:…— The Kobeissi Letter (@KobeissiLetter) April 4, 2023
Tech layoffs in 2023 have now surpassed the entire total from 2022, per LayoffFYI.
— unusual_whales (@unusual_whales) April 4, 2023