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A comment on Uber discovered they’d been defrauded out of 2/3 of their ad spend. Parent comment

Re:Uber discovered they’d been defrauded out of 2/3 of their... by choward on Monday January 04, 2021 @09:52AM (#25632014)
I think the next major recession is going to be triggered by this bubble popping.
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Re:Uber discovered they’d been defrauded out of 2/3 of their... by missedthecue on Monday January 04, 2021 @10:40AM (#25632697)
Why would it cause a recession? Google and Facebook would report lower numbers, literally every other company on earth would save more money.
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Re:Uber discovered they’d been defrauded out of 2/3 of their... by specialist on Monday January 04, 2021 @12:44PM (#25635021)
IDK. It's a risk worth chewing on. eg If Google and Facebook tanked, bringing down the stock indexes and all the institutional investors, triggering a sell off... What would the knockon effects be? I don't know (no clue). The 2008-9 crisis largely happened when CDS stuff popped. Is there a similar house of cards on top of FAANG stocks or the digital ad market or...?
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Re:Uber discovered they’d been defrauded out of 2/3 of their... by missedthecue on Monday January 04, 2021 @01:41PM (#25635956)
2008 was bad because of excessive leverage. Top tech companies have little to no debt and there aren't any leveraged securities to do with ads.
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