Re:Is big tech’s red-hot jobs market about to cool?
by kortilla on Friday June 03, 2022 @04:41AM
(#31605779)
> To be fair, anyone sitting on the sidelines watching tech companies spend 15-20 years without making a profit - or ever making a profit - is going to start thinking "what the hell is going on"
Big tech companies have been absolute money making machines. What are you talking about?
Re:Is big tech’s red-hot jobs market about to cool?
by b3morales on Friday June 03, 2022 @12:08PM
(#31610250)
The ones at the very top -- Facebook, Google, Apple, Microsoft, Amazon -- are profitable. There's been a good number of big hyped names and decade+ "startups" that might have a lot of revenue but don't have much if anything left over in the net column. (Uber most famously.)
More than watching tech go down, I think there's just a general anxiety that all basic business fundamentals have been turned upside down, and much of it is led by tech.
The markets are rallying right now because macro data is poor (which means Fed rate hikes might slow down). It's a bizarro economy and anyone who thinks long-term is understandably queasy.