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It's many aspects. More employees in one location, more political power, bigger tax breaks can finance billion dollar campuses. People buy these companies bec
by ipaddr 4y ago
It's many aspects.
More employees in one location, more political power, bigger tax breaks can finance billion dollar campuses.
People buy these companies because of hype and asset vs profits. Real estate is a part of their assets and it increases their balance sheets
Look at Google making 7 billion dollar investment in 2021. They need to make that payoff.
https://www.google.com/amp/s/www.architecturaldigest.com/story/google-7billion-realestate/amp https://www.google.com/amp/s/www.architecturaldigest.com/sto...
- twblalock 4y agoNobody is seriously looking at the real estate portfolio of a FAANG when they value the stock. They care about future earnings projections. 7 billion dollars for Google is a tiny amount. They make almost 300 billion per year. Nobody gives a crap about the value of their office buildings.