Welp, it's been a good one...massive layoffs

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anonymous said:
Have a heart...if you're in this space...which I would guess you probably are, otherwise why are you lurking on this board?...Don't throw stones my friend.....you are probably next.
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Couldn’t agree more. Classiest company I have ever worked for. People don’t get it unless they’ve been fortunate enough to have experienced it’s magic. Their severance was more than generous. The tables will turn fast that is all I will say.
 






Good will and screwing over the industry get's you no where:

Net loss for this year's second quarter was $2.5 billion, or a $10.87 net loss per share, compared to net income of $133.8 million, or net income per share of $0.66, for the second quarter of 2021. Our second quarter 2022 net loss included a complete writedown of goodwill of $2.3 billion, which was a result of a significant, sustained decline in the stock price and related market capitalization and a lower than expected financial performance. It also included indefinite-lived intangible and asset impairments of $34.8 million. Net income for the second quarter in 2021 was a result of the change in fair value of contingent consideration. Non-GAAP net loss for the second quarter of 2022 was $158.5 million, or a $0.68 non-GAAP net loss per share, compared to a net loss of $171.5 million, or an $0.84 non-GAAP net loss per share, for the second quarter of 2021.
 












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