Re:Where have all the sacked tech workers gone?
by kansface on Tuesday March 28, 2023 @01:09PM
(#35344383)
> I assumed the high prices were the normal market response to high demand from many people with deep pockets.
The response is normal, but the deep pockets were an aberration. No one was making $$ in cash; tech stocks floated to ~80 P/E for mature companies and higher for billion dollar _growth_ companies (aka a bubble).
The response is normal, but the deep pockets were an aberration. No one was making $$ in cash; tech stocks floated to ~80 P/E for mature companies and higher for billion dollar _growth_ companies (aka a bubble).