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Assumption: same performance, increased employee satisfaction, lower costs, fewer expenses (company and employees). Companies now just need a skeleton crew for
by HenryBemis 6y ago
Assumption: same performance, increased employee satisfaction, lower costs, fewer expenses (company and employees).
Companies now just need a skeleton crew for IT Ops, HR, Accounting.
Especially for companies like Pinterest that have probably seen their revenue explode, it's a win win win.
- tonyedgecombe 6y agoHas their revenue exploded? I thought advertising revenue was down this year.
- ckdarby 6y agoEtsy & Pinterest are both public companies and this info can be found in their quarterly filings. TL;DR Yes, revenue has increased. Etsy is spending very strong in advertising with Pinterest getting large amounts of it. Disclaimer: Position in both companies.
- tonyedgecombe 6y agoActually it seems to have flattened off: https://www.statista.com/statistics/995107/pinterest-quarterly-revenue-worldwide/ https://www.statista.com/statistics/995107/pinterest-quarter...
- ckdarby 6y agoI didn't entirely write what I meant correctly. Etsy's revenue has greatly increase: https://www.statista.com/statistics/409407/etsy-quarterly-revenue/ https://www.statista.com/statistics/409407/etsy-quarterly-re... A lot of Etsy's money did go to advertising. This has ended up in Pinterest's pocket. The fact Pinterest is flat during covid and entirely being an advertising company I consider still growth of revenue. The global advertising spend has greatly decreased, it'll eventually pick back up. But, yes, you are entirely correct, on a direct statement level, revenue is flat.