Post B6BIY2lDEMYdWhyhBQ by IngaLovinde@embracing.space
 (DIR) More posts by IngaLovinde@embracing.space
 (DIR) Post #B6BIY2EFCwBbsSYMnQ by zkat@fedi.zkat.tech
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       Unfortunately, this may not have to do with job cuts: Fastly posted record numbers, without any big layoffs, and had a similar drop. https://mas.to/@gabrielesvelto/116549749949679021
       
 (DIR) Post #B6BIY2UCFcwkfw16f2 by tess@mastodon.social
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       @zkat do we have any idea what triggered this?
       
 (DIR) Post #B6BIY2dlg2bR9cUka0 by zkat@fedi.zkat.tech
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       @tess no clue honestly. There’s a lot of speculation but it seems to just be the market being weird and potentially not understanding internet delivery companies
       
 (DIR) Post #B6BIY2lDEMYdWhyhBQ by IngaLovinde@embracing.space
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       @zkat also on the "normal" market (which current market isn't, but still) the stock price changes responding to the _new_ information."Record earnings" by themselves don't have to matter a lot, they could have already been priced in before the announcement; what matters is whether they're above or below expectations. If earnings are record high but the "market" expected them to be even higher, there is going to be a price drop. If earnings are shit but the "market" expected them to be even worse, then there is going to be a price jump because the previous price reelected these worse expectations.So answering @tess question: even on a "normal" "ideal" market this price change doesn't have to mean anything except that the news were worse than expected (which might still mean great news).