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Facebook is also aggressively expanding in expensive markets like NYC. So it looks like they aren't all-in on arbitrage. Google too: they just bought a large n
by ceras 5y ago
Facebook is also aggressively expanding in expensive markets like NYC. So it looks like they aren't all-in on arbitrage.
Google too: they just bought a large new building in NYC, yet they're also growing a lot in markets where they pay much less (e.g. India).
Very curious how this will play out over time.
- VRay 5y agoThey definitely ARE all-in on arbitrage. The FAANG megacorps are all pulling in upwards of $2M in revenue per year per coder on average. So what if some of them cost $600k/year?