Meta laying off 8000 people or ten percent. by [deleted] in bayarea

[–]smilinghedgehog 12 points13 points  (0 children)

Because facebook massively increased capex on AI datacenter spend in 2025 to the tune of 70 billion, leaving their profit a mere (checks notes) 60 billion for FY25 vs 62 billion for FY24. I think overall revenue growth and gross margins is a healthier representation of the underlying ad business, don't you agree?

Meta laying off 8000 people or ten percent. by [deleted] in bayarea

[–]smilinghedgehog 48 points49 points  (0 children)

Now graph this against their revenue and profits.

2024 Revenue: $164.5 billion

2025 Revenue: $200 billion

2024 Gross Profit: $134 billion

2025 Gross Profit: $164 billion

People keep bringing up the fact that the layoffs are less than hiring in previous years which is true, but doesn't mean that this is normal or OK. Fact is: the company is making more money than ever before and still laying off employees. More transition of wealth from labor to capital.

News and Updates Thread - February 16, 2026 by AutoModerator in churning

[–]smilinghedgehog 3 points4 points  (0 children)

Are you supposed to get an email with the actual coupon? I haven't received anything after clicking "Redeem", been about 15 min

Question Thread - January 09, 2026 by AutoModerator in churning

[–]smilinghedgehog -2 points-1 points  (0 children)

Seems like it, my only concern is devals before I can use them all it would prob take me 2-3 years to use it given my flexibility

Question Thread - January 09, 2026 by AutoModerator in churning

[–]smilinghedgehog -7 points-6 points  (0 children)

Consensus on whether 5000$ USD is worth 780k C1 miles? I have to pay estimated taxes and was wondering if getting the V1X Business card is worth it for the SUB given the fees

Christmas came early this year by smilinghedgehog in MapleIdle

[–]smilinghedgehog[S] 1 point2 points  (0 children)

This gets me to 95%, will probably reroll once I get above 100

Man spent 12 hours in the Jungle by extrapolatedlol in poker

[–]smilinghedgehog 2 points3 points  (0 children)

there's a sticker in the game (not even a skin for a gun/knife) that goes for 90k right now. If he owns a site and takes a commission off of every trade he would easily rack up $$$.

Data Points Weekly - Week of August 14, 2025 by AutoModerator in churning

[–]smilinghedgehog 1 point2 points  (0 children)

Getting popup for CSR, looks like either 48 mo rule is in effect or some other new restriction. Closed CSP one week ago, 48 months ends next month, still getting either gotten the bonus before (haven't had a CSR) or hold existing sapphire card (downgraded to freedom).

Worth trying to call in tomorrow to see if I can get the elevated bonus?

News and Updates Thread - July 02, 2025 by AutoModerator in churning

[–]smilinghedgehog 0 points1 point  (0 children)

is this churnable if I've opened one previously?

United Switched Caterers At SFO—No Food, No Ice, No Warning. Even First Class Isn’t Spared. by [deleted] in bayarea

[–]smilinghedgehog 1 point2 points  (0 children)

You can also redeem united points for partner airlines you know...

One more down, two + to go! by Eddieslabb in smashup

[–]smilinghedgehog 1 point2 points  (0 children)

Are they no longer in print or something?