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companies printing money i.e profitable not funded by cheap vc money are not affected by the current downturn. unless it is industry wide e.g covid which affect
by dzonga 4y ago
companies printing money i.e profitable not funded by cheap vc money are not affected by the current downturn. unless it is industry wide e.g covid which affected the cash flow of travel tech companies. likewise for financial companies e.g HFT.
of course certain skills get saturated and get replaced. normal course of market adjustment.
- negamax 4y ago100x this. Most companies with large layoffs had pie in the sky valuations due to pandemic money printing. They were never profitable. VCs with wads were searching for next 20x in three months
- friedman23 4y agoOf course they will be affected if their customers are unprofitable and are forced to cut costs or go out of business.
- treis 4y ago>companies printing money i.e profitable not funded by cheap vc money are not affected by the current downturn. Google, Amazon, and Meta have all laid people off and they basically own dollar printing presses.
- izzydata 4y agoI imagine that all those companies are big enough to have segmented departments that can be determined to be unprofitable by themselves. Amazon made plenty of profit, but they doesn't mean they should keep employing everyone from the Alexa department that only lost money.
- deleted 4y ago[deleted]