2 ms·
But still they are up like 50+% this year? Facebook makes more profit than some stock markets as a whole (might be an exaggeration). Tech companies did well in
by looping__lui 6y ago
But still they are up like 50+% this year?
Facebook makes more profit than some stock markets as a whole (might be an exaggeration). Tech companies did well in the crisis, adapted better than others and were generally pretty good in making even more money.
I do agree: lots of people loose in this crisis. But we are probably in fact living in times of super inflation; the EU has for the first time ever taken debt; US and China race for debt.
All you can do (I feel): is watch and be taken for a ride. The gap between rich and poor will grow, so will the gap between “fast adapters” and “the good old industries”.
It may sound harsh: but the economy in the US probably doesn’t really care about those that lost the most and were the most vulnerable.
Hitchhikers Guide to the Galaxy may be the book we all should be reading (again) these days...