Sometimes their value is overshadowed by the balance sheet, especially during hard times.

I don't buy the "thousands were laid off due to AI". Companies will do almost anything to not admit that they over-hired, made a wrong investment, or didn't plan for a faltering of the economy.

They bloated with high expectations, and are forced to shrink or fail.

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Also a good point.

Because you know the story they tell about things like that is in large part just the PR narrative.