4 ms·
I think it may just be taking advantage of the lose monetary policy of the last decade plus. It's easier to justify one-shots, experiments, or new product searc
by azemetre 4y ago
I think it may just be taking advantage of the lose monetary policy of the last decade plus. It's easier to justify one-shots, experiments, or new product searches when loans are cheap and aplenty. The money spigot has dried up and you either adapt or die.
- mym1990 4y agoJust curious, are companies like Snap going out an getting massive loans to facilitate hiring?
- colinmhayes 4y agoLooks like snap has $4b in debt, up from around 1 before the pandemic.
- azemetre 4y agoI mean they initially raised ~$5 billion in multiple rounds when first started in 2011. [1] I doubt they could raised an equivalent amount if they started in say 2018 in the current environment. [1] https://www.crunchbase.com/organization/snapchat https://www.crunchbase.com/organization/snapchat Snapchat just recently had its first ever profitable quarter, 2021Q4, since going public. That's a bad look, I also doubt this story will hardly be unique in the upcoming year (more tech layoffs from "unicorns").