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Facebook and Google and others make their money globally. They don't actually make a lot of money from Silicon Valley that's just where their workers are. I can
by docker_up 8y ago
Facebook and Google and others make their money globally. They don't actually make a lot of money from Silicon Valley that's just where their workers are. I can't think of a more diversified, protected stream of income than one of the FANGs right now, even if the US has a recession, there are still countries around the world that will be doing better.
- mkirklions 8y ago>I can't think of a more diversified, protected stream of income than one of the FANGs Arent they 100% tech and nearly 0 physical products? That is not what I learned 'diversification' is.
- docker_up 8y agoYour definition of diversification is flawed. Their customers are diversified not only across product sectors, but across the globe. Unless internet traffic or engagement drops, which it hasn't yet and probably won't until a new technology replaces it, they don't need physical products to make the billions upon billions that they do.