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The only real effect of bankruptcy would be that guys like Page and Brin would be worth $13 billion instead of $26. Assuming that it would actually bankrupt th
by fleitz 12y ago
The only real effect of bankruptcy would be that guys like Page and Brin would be worth $13 billion instead of $26.
Assuming that it would actually bankrupt them, how does bankruptcy cost jobs?
The cash goes to employees who will likely spend / re-invest in the startup economy, this will likely create more jobs as there are economies of scale in software companies.
The capital remains and would be sold to a new owner... since these companies are profitable the jobs remain and the company just has a lower bank account with new owners.
If you had the opportunity to buy Google/Apple/Adobe for 50 cents on the dollar, why would you fire everyone? It makes no sense, they are all extremely profitable companies.