3 ms·
A lot of companies saw unexpected spikes in revenue and wanted to strike while the iron was hot. The impulse was rational but the scale of the response was comp
by mvdtnz 3y ago
A lot of companies saw unexpected spikes in revenue and wanted to strike while the iron was hot. The impulse was rational but the scale of the response was completely out of proportion with reality. But it's not like we saw hiring sprees in airlines and hotel resorts. We saw sprees in industries which benefitted from people staying at home and communicating digitally (like Discord).
- jhaile 3y agoA lot of companies also saw spikes in revenue, raised money from investors at sweet terms based on that revenue growth (despite it being unsustainable), and then needed to spend that money to show they were going to use it to keep the good times rolling.