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Well, the Texas economy has been booming. It has been outpacing the rest of the US for many quarters now. They are financially doing something right.
by fdasfdasfdjf 2y ago
Well, the Texas economy has been booming. It has been outpacing the rest of the US for many quarters now. They are financially doing something right.
- MSFT_Edging 2y agoAnd as everyone knows, past performance is a guaranteed indicator of future performance. If you simply go as fast as possible, you'll continue at that rate forever.
- fdasfdasfdjf 2y agoMany California corporations have moved to Texas. These include HP, Oracle, Tesla and Charles Schwab. It turns out many companies like less regulations.
- digital_sawzall 2y agoOracle, like many others, moved in name only. In fact Oracle just changed the headquarters to Nashville.
- abadpoli 2y agoOracle didn’t move its entire workforce, but it’s inaccurate to say it was “in name only”. Oracle spent hundreds of millions of dollars building a massive office campus near downtown Austin that reportedly has space for 10,000 employees. I’m curious what other companies you’re thinking of when you say “like many others”, because all of the ones I can think of have moved significant parts of their operations to Texas.
- mike_d 2y agoOracle has north of 160,000 employees. 2,500 of which are in Texas. The founder and CEO both live in other states.
- kaibee 2y agoAh yes, what would we do without HP and Oracle.
- supplied_demand 2y agoIt seems mostly like companies like to start elsewhere. Once they become established, they like fewer regulations to keep taxes low and throttle competition. I just wish Texas cared about individual freedom as much as they do corporate freedom.
- MSFT_Edging 2y agoAnd Apple has an HQ in Ireland. Tax havens don't guarantee jobs. They're just tax havens.
- anon84873628 2y agoI think they just like cheaper land and labor costs.
- volkk 2y agoi'm confused at how you'd gauge relative performance of something if not by looking at the past
- MSFT_Edging 2y agoIt was a joke on investment disclaimers saying past performance isn't indicative of future performance. As in "Texas's future is bright because of past performance", which is just an assumption that doesn't take a lot into account, like harsh weather patterns, weak infrastructure, and living in texas.
- olsonjeffery 2y agorace to the bottom.