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Phraseology: Roku: “Current economic conditions” Cisco: "rebalance across the board" Amazon: "unusual and uncertain macroeconomic environment” Disney: “a ta

Phraseology: Roku: “Current economic conditions” Cisco: "rebalance across the board" Amazon: "unusual and uncertain macroeconomic environment” Disney: “a targeted hiring freeze” Meta: “macroeconomic downturn” Salesforce: "performance issues” Stripe: “stubborn inflation, energy shocks, higher interest rates, reduced investment budgets and sparser startup funding,” Opendoor: "the most challenging real estate market in 40 years”

apohn 4y ago
>Opendoor: "the most challenging real estate market in 40 years” Didn't the subprime mortgage crisis happen in 2007? The current situation is worse than that???
- soperj 4y ago
  For the greater world I'd say definitely.
  - apohn 4y ago
    >For the greater world I'd say definitely. Could you elaborate? I honestly don't understand... The effects of subprime crisis was not limited to the US. And instead of people not being able to afford homes, there were lots of people worldwide who lost their homes after they lost their jobs and their properly values collapsed. https://www.globalpropertyguide.com/investment-analysis/The-worlds-2008-housing-markets-in-review-and-some-forecasts-for-2009 https://www.globalpropertyguide.com/investment-analysis/The-... Opendoor is US only (as far as I know) so the layoff justification just seems silly.
    - yamtaddle 4y ago
      I think it's possible market velocity is lower now (house prices still somehow insanely-high while mortgage rates are also much higher than they've been for many years) and expected to remain so longer, than in 2008, which might mean it is worse for Open Door, if not overall.
- dilyevsky 4y ago
  Also forget about a multi year slump of the early 1990s
- mattbrewsbytes 4y ago
  For them it is, I think they're one of those companies that buys property from you without listings, etc. then you can move and they clean it up and list it. My guess is the property is on their books and prices have been fluctuating a lot so they could be upside-down on a bunch of inventory with less home buyers because the interest rates rose. For a home owner selling and a realtor, the realtor likely has to compete to earn business but they are a third party to the transaction.
- 1letterunixname 4y ago
  About 5 years post dotcom bubble. I think it's worse considering the inflation in food and gasoline. A 6 pack of beer at the grocery store is $10 now. 1 L of carrot juice is $6. It's unsustainable especially considering how wages barely moved for anyone. I don't see how people are getting by.
  - thdespou 4y ago
    Easy. Stop drinking so much beer and prepare your own food for starters.
christophilus 4y ago
FTX: "drug laced penthouse orgy ponzi scheme blowup"
- deleted 4y ago
  [deleted]
i_love_music 4y ago
Cool observation. Fascinating to see how corporate speak spreads and builds off each other. These are like memes in their technical definition - "behavior that may be considered to be passed from one individual to another by nongenetic means, especially imitation" Once a company or two uses these phrases it become politically acceptable to repeat them because they have now been "vetted". Contrarian or outsider views are not well received most of the time despite all of us wanting to believe we're different/unique/contrarian. Humans are such an interesting species.
- lamontcg 4y ago
  Absolutely none of that is new, its all recycled from 2008, 2001 and prior cycles with minor tweaks for current conditions.
flerchin 4y ago
Twitter: "" gestures vaguely at Elon.
- user_ 4y ago
  > "Frankly, the economic picture ahead is dire" > "An increasingly competitive world"
mc32 4y ago
I prefer this over everyone using the same excuse and or reason (contrast with Twitter talking points from pundits who use the same phraseology to push for or against something).
RomanPushkin 4y ago
Upstart: "the challenging economy" Seagate technologies: "global economic uncertainties" Philips: "worsening macroeconomic environment" Microsoft: "valuate our business priorities on a regular basis and make structural adjustments accordingly" Intel: "sudden and rapid" economic decline Twilio: workforce grew “too fast” and “without enough focus”
- ryandrake 4y ago
  I love how vague they all are. They might as well have said "We have a bad feeling about the world" or "We consulted an ouija board" as justifications. Do they really think a normal person reads these and accepts the reasoning?
RomanPushkin 4y ago
SAP (2019): "fitness program"

apohn 4y ago

>Opendoor: "the most challenging real estate market in 40 years” Didn't the subprime mortgage crisis happen in 2007? The current situation is worse than that???

soperj 4y ago
For the greater world I'd say definitely.
- apohn 4y ago
  >For the greater world I'd say definitely. Could you elaborate? I honestly don't understand... The effects of subprime crisis was not limited to the US. And instead of people not being able to afford homes, there were lots of people worldwide who lost their homes after they lost their jobs and their properly values collapsed. https://www.globalpropertyguide.com/investment-analysis/The-worlds-2008-housing-markets-in-review-and-some-forecasts-for-2009 https://www.globalpropertyguide.com/investment-analysis/The-... Opendoor is US only (as far as I know) so the layoff justification just seems silly.
  - yamtaddle 4y ago
    I think it's possible market velocity is lower now (house prices still somehow insanely-high while mortgage rates are also much higher than they've been for many years) and expected to remain so longer, than in 2008, which might mean it is worse for Open Door, if not overall.
dilyevsky 4y ago
Also forget about a multi year slump of the early 1990s
mattbrewsbytes 4y ago
For them it is, I think they're one of those companies that buys property from you without listings, etc. then you can move and they clean it up and list it. My guess is the property is on their books and prices have been fluctuating a lot so they could be upside-down on a bunch of inventory with less home buyers because the interest rates rose. For a home owner selling and a realtor, the realtor likely has to compete to earn business but they are a third party to the transaction.
1letterunixname 4y ago
About 5 years post dotcom bubble. I think it's worse considering the inflation in food and gasoline. A 6 pack of beer at the grocery store is $10 now. 1 L of carrot juice is $6. It's unsustainable especially considering how wages barely moved for anyone. I don't see how people are getting by.
- thdespou 4y ago
  Easy. Stop drinking so much beer and prepare your own food for starters.

christophilus 4y ago

FTX: "drug laced penthouse orgy ponzi scheme blowup"

deleted 4y ago
[deleted]

i_love_music 4y ago

Cool observation. Fascinating to see how corporate speak spreads and builds off each other. These are like memes in their technical definition - "behavior that may be considered to be passed from one individual to another by nongenetic means, especially imitation" Once a company or two uses these phrases it become politically acceptable to repeat them because they have now been "vetted". Contrarian or outsider views are not well received most of the time despite all of us wanting to believe we're different/unique/contrarian. Humans are such an interesting species.

lamontcg 4y ago
Absolutely none of that is new, its all recycled from 2008, 2001 and prior cycles with minor tweaks for current conditions.

flerchin 4y ago

Twitter: "" gestures vaguely at Elon.

user_ 4y ago
> "Frankly, the economic picture ahead is dire" > "An increasingly competitive world"

mc32 4y ago

I prefer this over everyone using the same excuse and or reason (contrast with Twitter talking points from pundits who use the same phraseology to push for or against something).

RomanPushkin 4y ago

Upstart: "the challenging economy" Seagate technologies: "global economic uncertainties" Philips: "worsening macroeconomic environment" Microsoft: "valuate our business priorities on a regular basis and make structural adjustments accordingly" Intel: "sudden and rapid" economic decline Twilio: workforce grew “too fast” and “without enough focus”

ryandrake 4y ago
I love how vague they all are. They might as well have said "We have a bad feeling about the world" or "We consulted an ouija board" as justifications. Do they really think a normal person reads these and accepts the reasoning?

RomanPushkin 4y ago

SAP (2019): "fitness program"