No, Jeff said MMR is stored very precisely to a very small decimal number. I think he said it explicitly in the interview he did with Seagull. We don’t have to speculate on that part. MMR is a floating point number that makes very small changes based on every match and the statistical data provided by that match. He explicitly said that it could change zero, or it could change a “large amount” based on the uncertainty information they also keep. So if you got into your first ever placements match, and played HORRIBLY relative to the other people at 0 MMR (the starting point, roughly equal to 2350 SR) then they will move your MMR in the negative direction more than they would for someone with a bunch of games already played that were recent.