3 ms·
There were a couple of things that stood out for me in this: >"The move seeks to satisfy investor demands for greater profitability at the company, which has s
by bogomipz 4y ago
There were a couple of things that stood out for me in this:
>"The move seeks to satisfy investor demands for greater profitability at the company, which has seen its capitalisation fall from $1.8tn a year ago to $940bn today"
I guess the trillion dollar market cap is the new standard bearer for big tech?[1] How sustainable is this? This was not even a thing a few years ago. Now slipping slightly below that after a historic pandemic growth bump is cause for alarm and massive job cuts?
The article further states:
>"Still, overall revenue growth, including cloud, had fallen this year to as low as 7.3 and 7.2 per cent in the first two quarters, its lowest rate for more than two decades."
Note it didn't fall by 7.3% it only grew by 7.3% over the previous quarter of almost the same increase? How is that not respectable? Am I missing something?
[1] https://www.visualcapitalist.com/shrinking-trillion-dollar-market-cap-club/ https://www.visualcapitalist.com/shrinking-trillion-dollar-m...