4 ms·
Early in terms of there being no sign of actual signs of decay of their business. It's less than a week since Google reported literally the highest quarterly pr
by jsnell 2mo ago
Early in terms of there being no sign of actual signs of decay of their business. It's less than a week since Google reported literally the highest quarterly profits by any public company ever[0]. This is while growing at 25% YoY, which is just insanely fast for a company that size.
[0] By net income. By operating income, still like top 5 to top 10 depending on how you interpret the numbers.
- IAmGraydon 2mo agoThe market is forward looking. If you short when it's obvious to everyone, it will already be at the bottom. Clearly, shorting now or a few months ago would have been the correct move. The market has predicted that their outsized quarterly profits are the last they'll report for some time, hence the selloff.