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> The good news is: They pretty much succeeded with that. We're all still here despite revenue generation for whole industries being frozen for more than a year
by simonsarris 5y ago
> The good news is: They pretty much succeeded with that. We're all still here despite revenue generation for whole industries being frozen for more than a year.
I don't know. Lots of stocks and indexes that they are a huge % of are up because their revenue is actually really, really up.
"The FAAMGs reported aggregate 1Q sales of $321 billion, some $24 billion or 8% above consensus, for year/year growth of 41%." (via zerohedge). That's huge.
- endymi0n 5y agoI don‘t disagree, but I think it‘s congruent with what I said: A lot of that actual, totally existent revenue was paid through individuals on unemployment benefits and corporations on life support. It wasn‘t „earned“ in a lot of cases, but still spent and ended up in the hands of the few companies who could just operate normally during the pandemic. The money is still real, but the overall supply is way more than 1,5 years ago.