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From: Lawrence D'Oliveiro <ldo@nz.invalid>
Newsgroups: comp.misc,misc.headlines
Subject: Re: [Fortune] Spotify CEO Daniel Ek surprised by how much laying off
 1,500 employees negatively affected the streaming =?UTF-8?B?Z2lhbnTigJlz?=
 operations
Date: Thu, 25 Apr 2024 05:42:58 -0000 (UTC)
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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.