Wall Street Breakfast November 9: Meta to Cut Thousands of Jobs

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 9 November 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Meta (META) to cut 11,000 jobs as it looks to slash costs, affirms revenue outlook. Disney (DIS) dips 7% as media side profits, revenue slip; subscribers top forecasts. Filings show Musk disposing of $4B in Tesla (TSLA) stock. Learn more about these stocks with a free trial of Seeking Alpha Premium here.

Transcript

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0:00.0	Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis.
0:06.8	Subscribe to this podcast on Apple Podcast, Spotify or Stitcher.
0:11.2	Good morning. Today is Wednesday, November 9th, and I'm your host Julie Morgan.
0:15.8	Our top stories.
0:17.2	Meta is cutting jobs and Mark Zuckerberg is accepting the blame.
0:21.5	The control of Congress is too close to call.
0:24.4	Elon Musk sells billions in Tesla stock.
0:27.4	Disney misses on top and bottom lines.
0:30.6	Zen Desk lets go of hundreds.
0:33.0	Salesforce is doing the same with more cuts possible.
0:36.5	Albertsons gets the green light.
0:39.0	Netflix shows an interest in live sports,
0:42.0	and the crypto market is in our day watch.
0:45.7	I want to give you a little of a behind the scenes look at how I prepare for the
0:49.1	podcast each day. One of the stories we're covering today is Salesforce jobs cuts. To add more context I went to
0:56.5	Seeking Alpha and checked out the Salesforce Stock Page. It has a ton of information from earnings
1:02.2	dates to how the stock is performing relative to its peers.
1:05.8	It also includes the quant rating that's seeking Alpha's way of telling you how they feel about a stock, buy, sell, or hold.
1:13.4	If you want this same information about a stock you're researching,
1:17.0	you can have it with a Seeking Alpha Premium account,
1:20.3	and you don't have to commit before you know anything about it.
1:23.2	Go premium free for seven days.
	...

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