All day long, they work so hard to the sun is going down.

Let's talk about your social media, specifically Metta, Facebook laying off more than 1100 employees.

11,000 employees actually.

They're on a hiring freeze this after they had a 70% fall in their share price this year.

Zuckerberg, well, here he is.

Let's just hear straight from him as he lets people know that they will soon be unemployed.

I want to say, you know, a front that I take full responsibility for this decision.

I'm the founder and CEO.

I'm responsible for the health of our company, for our direction, and for deciding how we execute that, including things like this.

This was ultimately my call, and it was one of the hardest calls that I've had to make in the 18 years of running the company.

A lot of why it's hard is obviously it has a big impact on your lives, but also for our mission where we're losing people who you've really put your heart and soul into this place.

Each of you is talented and passionate, and each of you has played a role in making Metta the success that it is.

And no matter what team you may have worked on, each of you played a role in contributing to the products that billions of people use to connect every day.

It's Mark Zuckerberg letting people know that they will be unemployed, so they're contending with slowing global economic growth.

They've got competition from TikTok, privacy changes from Apple, concerns about their spending.

And by letting all of those people go, their annual free cash flow doubled to $40 billion.

It also trimmed their capital expenditure.

Okay, so this is what's fascinating to me, Casey, is that 20 years from now, there's going to be obviously the people will start to write books with a historical perspective on the tech boom era, right?

And I realized there was one in the 2000s, obviously, that went bust, but I'm saying about the modern era tech boom era, which is the Facebook's, the Twitter's, you know, Instagram, Snapchat, these tech companies.

And whether it is Facebook with Mark Zuckerberg, or even extrapolated out to something like Tesla with Elon Musk, but certainly to the Facebook, Jack Dorsey with Twitter, you were essentially, if you bought into the company or that idea, you were buying that person.

Because let's face it, the average investor person, or even these investing companies that invest into these, into these groups like Facebook, meta, whatever, have no idea how they run, have no idea how they function, they don't understand any of it, you're buying an idea, right?

And the only thing that I can say that would have been similar to this was the World Wrestling Federation went, became a publicly traded company, I believe in the late 1990s.

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