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A comment on Macroeconomic Changes Have Made It Impossible for Me to Want to Pay You. Parent comment

Re:Macroeconomic Changes Have Made It Impossible for Me to W... by notahacker on Wednesday January 25, 2023 @05:37AM (#34516733)
I picked Waymo because losing staff obviously isn't the route to profitability for it, and it started off as a Google-branded project backed by the near unlimited cash reserves of Google. If they're in a position where they're not confident of getting further support from that source, I don't think IRR calculations over a 2 year time horizon are the main factor there.
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Re:Macroeconomic Changes Have Made It Impossible for Me to W... by grey-area on Wednesday January 25, 2023 @08:23AM (#34517947)
IRR calculations, profit, value actually matter again because the risk free rate has dramatically gone up and will stay up, after a decade where they didn't matter.

Cheap money has distorted the entire market and conditioned a generation of investors to expect unreasonable returns and to ignore the price, revenue, profit and loss.

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Re:Macroeconomic Changes Have Made It Impossible for Me to W... by MomoXenosaga on Wednesday January 25, 2023 @08:59AM (#34518294)
The route to profitability doesn't exist and investors are starting to notice.
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