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That is not at all what is going on here…it’s not the people with all the money, it’s the underlying monetary policy(little to no interest rates for a decade co
by sudden_dystopia 4y ago
That is not at all what is going on here…it’s not the people with all the money, it’s the underlying monetary policy(little to no interest rates for a decade combined with money printing) that led to those people having that money. If a tech company couldn’t borrow cheap money early on, they couldn’t afford those wonderful compensation packages.
- deleted 4y ago[deleted]
- Retric 4y agoGoogle’s profits have vastly outstripped the money invested into it. They could have borrowed at 20% and still been wildly profitable.
- NhanH 4y agoThe argument is that without cheap money, Google/FB's customers wouldn't have the cash to plow into ads.
- Retric 4y agoApple, Netflix, Amazon, and Microsoft aren’t advertising supported and while Google does profiting from cheap money Google’s margins are insane. So, they can take a significant reduction in revenue without changing their business model. I keep getting YouTube adds for the same kind of things I have seen on TV. Tide pods, dish soap, toilet paper etc alongside Door Dash’s attempt to recruit workers. They would definitely make less money without door dash but not enough to matter. Much like how startups keep splurging on Super Bowl commercials but the Super Bowl would still make lots of money without them.