Why Big Tech Is Collapsing | Asmongold Reacts
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- Опубликовано: 14 янв 2023
- Video by Moon • Why Big Tech Is Collap...
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No king rules forever...
It's not collapsing, it's getting back to the pre-pandemic levels. They made tons of disposable money during that time and now they can dispose of the cash and staff alike. They won't lose, not yet at least.
I think it’s the active disregard for the customers who made them what they are today that is finally ruining them.
The problem with most of these organizations is being top heavy, too much management and not enough people actually doing work. Meetings about meetings, impromptu meeting about useless stuff etc
This meme of "The west just didn't understand the negative side effects of social media until it was too late" is insufferable. As children, we wrote papers in school on the implications of social media back in the early 2000's and most everyone - in my class at least - understood what was going to happen. This wasn't an accident; it's a matter of design. Coporations simply don't care if they are making money by destroying society.
Here's my personal experience. We had decided to get a minority hire sales director who knew nothing about our industry or knowledge of how to make appointments with C-level tech leaders in large businesses that did over 1B in revenue. As a result our sales team suffered, and instead of getting rid of the director who made 200k, we got rid of 4 BDR's who made 50k each, who were actually doing things (setting meetings with prospects). Middle management can quickly destroy an organization.
These companies been overvalued for years now. Its almost like everyone is in on the joke.
Growth companies have traditionally had tough times when interest rates are raised. Since valuations of growth companies are made based on their anticipated growth (which was often achieved using debt), when interest rates go up, it's expected that companies will face headwinds in the short term. That's why valuations have come down. I wouldn't read too much into it. Twitter and Tesla notwithstanding, tech companies are still making plenty of profit. They are just trimming down the less profitable parts and going lean in anticipation of lower expected growth in the coming years.
The guy explaining this doesn't know anything and it only becomes clearer as the video goes on.
This guy is like the exaggerated truth in yt form.
The video misses the part where the Repo markets pumped BILLIONS of interest free money into the market weekly during Covid. And now, that money is being cut back and interest rates are rising which is why 2020-2021 had all-time high records for the stock market and now 2022 is having a huge drop off.
Moon- “anger and fear keep people engaged”
“It’s over….” is becoming the new “SO EPIC!!!” of 2010’s.
Big tech companies keep having issues because they keep making blatantly bad decisions and refuse to pull out of a bad choice.
When he said people believe in the idea and not the product I felt that.
Positively surprised that he made sure to talk about data having to be adjusted for inflation.
not collapsing. just going back to 2019
As a parent myself, I can assure you, we are all terrified of social media. We struggle with what we should do. We're the first generation of parents than have to deal with this shit. My parents, now the grandparents, don't even understand what I'm worried about. They tell me I'm freaking out over nothing, that it'll be okay.
Its a good time to start appreciating other things in life, things that we forgot, things that were hidden by social media and big companies.
At the store I go to a 18 pack of large white eggs went from .89 to 4.29, and it's still going up.