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If the current tech bubble bursts, it’s going to absolutely wreck amazon, fb and google—the three companies that actually gain most of the benefit from all thes
by empath75 8y ago
If the current tech bubble bursts, it’s going to absolutely wreck amazon, fb and google—the three companies that actually gain most of the benefit from all these tech companies blowing their funding on ads and AWS spend.
Those are the companies driving up salaries — once that rollercoast ride stops I imagine that there are going to be mass layoffs and salary readjustments for years afterwards.
- duderific 8y agoWhat is the current tech bubble, exactly? Those companies you mentioned have absolutely massive revenues and profits, and plenty of non-tech people and companies are responsible for those revenues and profits. This was not the case in the earlier bubble (lots of overvalued companies with little or no revenues). What seems more likely is that the little startups will get crushed as VC funding dries up.
- chipotle_coyote 8y agoI think that's true, but I also suspect that one of the main drivers for the incredible acceleration of big company salaries has been to keep talent at that company rather than seeing the best engineers leave to go take VC money and play the startup lottery. If VC funding really does dry up, the pressure to keep salaries this high may be considerably lower.
- empath75 8y agoamazon, google and facebook are the companies selling shovels during a gold rush, which is a great business. While the gold rush is still going on.