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"during covid for seemingly no reasons" During covid the demand for online services went way up, media consumption, remote work and study. They had to try to i
by lukan 4y ago
"during covid for seemingly no reasons"
During covid the demand for online services went way up, media consumption, remote work and study. They had to try to increase their share of it and now they scale back.
- stefan_ 4y agoYou say that like they knew that. No, they were thinking it was going to be a recession. It's all just cargo culting nonsense.
- netheril96 4y agoDuring the same time the Fed repeatedly suggested that the interest hike would come soon, yet none of these companies prepared for that at all.
- creakingstairs 4y agoI do agree with you that those companies should have prepared for the hike but I also remember Powell saying “inflation is transitory” :p
- nkozyra 4y agoWell, inflation is demonstrably transitory. But the impact to these companies is, in general, less about inflation and more about free money.
- BurningFrog 4y agoIf you can find a quote for that, I'd be surprised. As I remember it, the Fed kept saying things were fine until faced with at a hard, cold 8.5% inflation rate.
- nkozyra 4y ago> During covid the demand for online services went way up, media consumption, remote work and study. Has this been quantified? And on the downslope too?