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Amazon founder Jeff Bezos discussed his understanding of "business value" during a live CNBC interview on May 20, 2026: truly great companies often create value for society and civilization far beyond that of charity itself. In his view, companies like Amazon are essentially addressing the real needs of countless ordinary people. Especially during the pandemic, many people realized for the first time how important Amazon was to their daily lives—from new mothers to those in home quarantine, everyone relied on it to maintain their daily routines. He believes that the reason a company can remain profitable over the long term is essentially because it continuously creates enormous value for society, and this is the fundamental logic behind all great enterprises.

According to a report sent to clients by Goldman Sachs' prime brokerage team, in the past month, semiconductors and semiconductor equipment have been the most net-sold sub-sectors in the U.S. stock market. At the same time, these funds have increased their short positions in U.S. equity macro products, indices, and exchange-traded fund (ETF) instruments, which are typically used to hedge broader market risks. These short positions have now risen to their highest level in 10 years.

According to monitoring by Beating, Meta laid off 8,000 employees on May 20, 2026. Several employees revealed that the layoff emails were sent collectively at 4 a.m. that day, and the company had previously required all staff to work from home. The list of dismissed employees included IC4-level core engineers with high performance, no PIP records, who routinely slept less than 4 hours a day and frequently submitted code at 3 a.m.For employees who were not laid off, monitoring software has been installed on their computers. Internal employee Marco pointed out that the company is tracking the activity patterns of remaining staff to train AI, with the goal of further replacing existing roles by leveraging these AIs. Meta is currently experiencing record-breaking profits. Former employee Jeremy Bernier confirmed that stack ranking is still being carried out internally, and a large number of junior and mid-level engineers with mortgages and H1B visa holders, after endless overtime work, still became direct casualties sacrificed to boost the share price.