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Apple, Google, Amazon, Netflix, Meta, Tesla and many more US companies operate internationally and their valuations are based on their ability to serve billion
by mrtksn 2y ago
Apple, Google, Amazon, Netflix, Meta, Tesla and many more US companies operate internationally and their valuations are based on their ability to serve billions of people globally. You will have very different valuations, profits and salaries if those end up with a market of 330M people instead.
I suspect that more than %0.01 of the Americans will be impacted.
- dgfitz 2y agoI didn't mention impacted, I said important. Is it a bad thing if those giant tech companies come back down to earth? I would argue no. They do not provide value, they extract it, generally, and play shitty games with taxes. What good does Meta provide to humanity? Why do I pay netflix to watch ads? Why does google ignore their own search api directives when I put a word in quotes? (To show ads) The only possible actual value amazon created is AWS, the rest is peddling garbage products from garbage vendors. Apple lost the plot somehow with their sw/hw stack, they could use a wakeup. And tesla, ironically, seems poised to be the first domino to tip, the cybertruck is a disaster. If those companies have such a significant impact on global citizens, they probably should blow up, that isn't a "good thing" at all, that much influence.
- mrtksn 2y agoThose writing JS at Meta won't start making cars. It's just that US will become poorer overall and some might feel better for themselves that they are not in Software. If you are anti-USA I guess that's something desired.