Off topic: Can anyone explain why the dow jones is going up? The dow was LOWER Jan 1st 2019. I feel we are worse off than Jan 1st 2019.
The Fed is dumping cash into the financial system
Yelp lays off 1000, furloughs 1100
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Re: Yelp lays off 1000, furloughs 1100
#12Off topic: Can anyone explain why the dow jones is going up? The dow was LOWER Jan 1st 2019. I feel we are worse off than Jan 1st 2019.
Because they expect the US is going to pour unlimited amounts of cash into propping up their ponzi-scheme?
Re: Yelp lays off 1000, furloughs 1100
#13Off topic: Can anyone explain why the dow jones is going up? The dow was LOWER Jan 1st 2019. I feel we are worse off than Jan 1st 2019.
Because of business loans and tax breaks it looks like companies will come out of this profitable and the government will pay for the workers during this period.
Re: Yelp lays off 1000, furloughs 1100
#14Off topic: Can anyone explain why the dow jones is going up? The dow was LOWER Jan 1st 2019. I feel we are worse off than Jan 1st 2019.
If anyone can "explain" it, they should go get filthy rich. But we can speculate in a semi-educated way. I think my best speculation is that the economy's fall factored in uncertainty about how bad this really is. The sell-off was based on worst case scenarios (given such high uncertainty).
Now that uncertainty is going down as we understand it all better, have more data, have plans in place, the economy is recovering to a more accurate, "this is actually what this whole ordeal will cost us"
Re: Yelp lays off 1000, furloughs 1100
#15I know this is a very tired topic, but does anyone have any good blog posts or articles about "what exactly is it that you all do?" Yelp having 6000 employees. I'm not surprised, I'm not mad. I just want to understand.
Sales and account management are easier to hire and fire. That said I bet some engineers were let go. If you're not directly client facing or related to e-commerce, you're not essential right now.
Re: Yelp lays off 1000, furloughs 1100
#16Off topic: Can anyone explain why the dow jones is going up? The dow was LOWER Jan 1st 2019. I feel we are worse off than Jan 1st 2019.
it's priced in
Re: Yelp lays off 1000, furloughs 1100
#17Off topic: Can anyone explain why the dow jones is going up? The dow was LOWER Jan 1st 2019. I feel we are worse off than Jan 1st 2019.
Every 10 years or so there is a 'catastrophic' event, so markets fluctuate, players are invited to get out, new players emerge and life goes on and on and on
Next one is around 2030 - see ya !
Re: Yelp lays off 1000, furloughs 1100
#18Off topic: Can anyone explain why the dow jones is going up? The dow was LOWER Jan 1st 2019. I feel we are worse off than Jan 1st 2019.
Quarterly earnings coming out, better than expected numbers of covid-19 deaths compared to initial models, rumors that 2nd stimulus bill is to expand small business loans liquidity program.
Re: Yelp lays off 1000, furloughs 1100
#19Off topic: Can anyone explain why the dow jones is going up? The dow was LOWER Jan 1st 2019. I feel we are worse off than Jan 1st 2019.
Because people are buying stocks at higher prices than yesterday, and selling stocks at higher prices than yesterday.
Re: Yelp lays off 1000, furloughs 1100
#20Off topic: Can anyone explain why the dow jones is going up? The dow was LOWER Jan 1st 2019. I feel we are worse off than Jan 1st 2019.
My guess is hope that we are almost through the worst of this and as yesterday Hopkins announced trial a possible treatment - people are also trying to get in while it is low