2 ms·
They're "massively profitable" because they're laying off large portions of a major cost center - labor - and backloading uncoming data center construction cost
by h2zizzle 1y ago
They're "massively profitable" because they're laying off large portions of a major cost center - labor - and backloading uncoming data center construction costs. As those come due, and labor needs rise again, that profit disappears.
- bdangubic 1y agoyes, these companies have a track record of disappearing profits :)
- h2zizzle 1y agoThey have a track record of cornering a market and abusing their position, and also still somehow not being able to balance expenses and revenues to turn a profit that pleases shareholders. You get to decide if that's a problem with the company or the shareholders, I guess.