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Interesting that the slowdown seems to be hitting Europe first

mantas 4y ago
Europe was riding on cheap money with little actual innovation. Along with stricter and stricter regulations that makes it even harder to do something productive. It feels like we were just printing money whole decade. Ukraine war is probably hitting Europe much harder than US or far east.
- nivenkos 4y ago
  I don't agree with your first point (how would you even quantify that?) But the second point is absolutely true. The cost of living crisis in Europe is far more acute due to the effect on natural gas prices and some other items (cooking oil, etc.). The increase in interest rates has also been much greater. That leads to consumers cutting discretionary spending at a much faster rate, killing off loads of "nice-to-have" startups dependent on that like grocery delivery, cheap credit, etc. And as the Americans say - "we ain't seen nothing yet"
  - mantas 4y ago
    I see very few european innovations/businesses that are actually making a change in the long run. Okay, we got new loan sharks, new rental services, etc.. Basically existing stuff just using new technologies to grow ever bigger and become monopolies. Selling investors the idea that if they drop €€€€, maaaaybe they can corner the market in the future. US got Tesla. Yet who is threatening Euro too-big-to-fail car manufacturing behemoths? Yet manufacturing is still moving away to Asia and energy issues are ever present with many anti-nuclear advocates with questionable funding. And instead of fixing actual societal issues some twats want to play Euro Empire Building out of EU. But same twats can't even defend an ally in a bloody war.
  - sokoloff 4y ago
    Cooking oil is a meaningful part of the cost of living crisis? I’d wager that cooking oil could 10x (and maybe 100x) in price and I’d never notice it in my budget.
Const-me 4y ago
Interesting, but unsurprising. Russian army is attacking a part of Europe as we speak.
- synu 4y ago
  Interesting, unsurprising, but not actually true. General layoff trackers show plenty happening in other places as well and don’t show Europe leading the way.
housingisaright 4y ago
What do you mean? Checkout layoffs.fyi for recent layoffs in tech, plenty of layoffs in US. I have to say I'm not very surprised by any of these companies except maybe Klarna. Fast-delivery companies which probably never can be profitable in EU and Kry who's farming government subsidies.
Bayart 4y ago
I've not seen a single tech layoff around me. In fact it's quite the opposite, there's very high demand in IT. Of course that might be tunnel vision, but I don't feel Europe's tech workers are particularily worried.

Europe was riding on cheap money with little actual innovation. Along with stricter and stricter regulations that makes it even harder to do something productive. It feels like we were just printing money whole decade. Ukraine war is probably hitting Europe much harder than US or far east.

nivenkos 4y ago
I don't agree with your first point (how would you even quantify that?) But the second point is absolutely true. The cost of living crisis in Europe is far more acute due to the effect on natural gas prices and some other items (cooking oil, etc.). The increase in interest rates has also been much greater. That leads to consumers cutting discretionary spending at a much faster rate, killing off loads of "nice-to-have" startups dependent on that like grocery delivery, cheap credit, etc. And as the Americans say - "we ain't seen nothing yet"
- mantas 4y ago
  I see very few european innovations/businesses that are actually making a change in the long run. Okay, we got new loan sharks, new rental services, etc.. Basically existing stuff just using new technologies to grow ever bigger and become monopolies. Selling investors the idea that if they drop €€€€, maaaaybe they can corner the market in the future. US got Tesla. Yet who is threatening Euro too-big-to-fail car manufacturing behemoths? Yet manufacturing is still moving away to Asia and energy issues are ever present with many anti-nuclear advocates with questionable funding. And instead of fixing actual societal issues some twats want to play Euro Empire Building out of EU. But same twats can't even defend an ally in a bloody war.
- sokoloff 4y ago
  Cooking oil is a meaningful part of the cost of living crisis? I’d wager that cooking oil could 10x (and maybe 100x) in price and I’d never notice it in my budget.

Const-me 4y ago

Interesting, but unsurprising. Russian army is attacking a part of Europe as we speak.

synu 4y ago
Interesting, unsurprising, but not actually true. General layoff trackers show plenty happening in other places as well and don’t show Europe leading the way.

housingisaright 4y ago

What do you mean? Checkout layoffs.fyi for recent layoffs in tech, plenty of layoffs in US. I have to say I'm not very surprised by any of these companies except maybe Klarna. Fast-delivery companies which probably never can be profitable in EU and Kry who's farming government subsidies.

Bayart 4y ago

I've not seen a single tech layoff around me. In fact it's quite the opposite, there's very high demand in IT. Of course that might be tunnel vision, but I don't feel Europe's tech workers are particularily worried.