3 ms·
For ages, I have argued that Google and Amazon owe much of their fortune to the Dot Com Bubble. In a nutshell, the bubble put a TON of great engineers out of w
by johnvanommen 6y ago
For ages, I have argued that Google and Amazon owe much of their fortune to the Dot Com Bubble.
In a nutshell, the bubble put a TON of great engineers out of work. Those two companies were able to acquire talent that would have been impossible to find otherwise.
- paxys 6y agoSame thing happened in 2008. This is also the reason shares of Microsoft, Google, Amazon, Facebook, Apple have steadily gone up the last couple of months. When things are tough, smaller companies (i.e. their competition) won't be able to survive, and they'll snap up their talent for pennies.
- ctvo 6y agoThe ability to hire is a minuscule part of why these stocks do well in a downturn. The cash flow to weather the storm, entrenched positions, monopoly or near monopoly positions in their markets are all much higher on the list than picking up engineers who were applying to them for the high salary anyway.