Re: [Fortune] Spotify CEO Daniel Ek surprised by how much laying off 1,500 employees negatively affected the streaming giant’s operations

On Thu, 25 Apr 2024, Kyonshi wrote:

On 4/25/2024 7:42 AM, Lawrence D'Oliveiro wrote:

On Thu, 25 Apr 2024 00:09:54 +0200, Kyonshi wrote:
 

However, the company failed to hit its guidance on profitability and
monthly active user growth.
 It didn’t seem to put off investors, who sent shares in the group
soaring more than 8% in New York after markets opened Tuesday morning.

 That happens all too often. Wall Street really seems to love the sound of
the word “layoff”. Lots of companies enjoy a short-term boost to their
share price, even at the cost of long-term damage to their business.

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which is weird because the share price should be tied to long-term profitability and not stock gains. The whole stock market sometimes seems to run on nothing but belief in strange mantras and not in actual companies.
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Well, you should be thankful. We buy on dips and sell on highs. If the market would be rational, those wonderful opportunities would not popup as often.
Add to that, the predictability of interesting cycles, and you have quite a nice little recipe there to make some extra $ in the markets. =)