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People weren't anywhere near as dependent on technology the first time.

• scarface74 7y ago
  Just like during the dot com bust in 2000, if it happened again, it wouldn’t be the profitable companies with a solid business. It would be the unprofitable startups living off of VC funding and public companies with easy access to debt markets that would be hurt. Public companies like Uber, Tesla, and even Netflix. If those companies went belly up, it would inconvenience people but wouldn’t have far reaching affects outside of the west coast - much like what happened last time. The major profitable tech companies would keep humming along. Last time Microsoft didn’t miss a beat and Apple was still on the rise. They had their first profitable quarter in years in 2001. This time, I doubt Facebook, Amazon, Apple, Google, or Microsoft would hurt too much.
  • entropea 7y ago
    There are still a lot of companies relying on AWS, Azure, various CDN's that could see major financial impact from a lot of their customers going under. This has tentacles reaching everywhere, everything wasn't so reliant on each other back then.