Well yeah - but it was more in response to "Google can be upbeat because they're Google and nothing can harm them". This simply isn't true.
Also, companies will tend to give out warnings if their business is coming under pressure (a lot of the time, but there are some pretty obvious counter-examples). The market is pretty brutal with nasty surprises.
when you are rich, recessions are just a time to get assets on sale.
why pay top dollar to acquire a startup when you can get them for 80% off in six months? times like this are gravy for companies like apple and google, they have more than enough cash to ride out the apocalypse and buy up assets on the morning after
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[ 4.3 ms ] story [ 28.5 ms ] threadIf Google is happy, then I think that's a good indicator for everyone upstream and downstream.
Also, companies will tend to give out warnings if their business is coming under pressure (a lot of the time, but there are some pretty obvious counter-examples). The market is pretty brutal with nasty surprises.
Or put another way, with diminishing content, crumbling advertisers, few new businesses, few ideas, and no new users, they'll get hurt.
why pay top dollar to acquire a startup when you can get them for 80% off in six months? times like this are gravy for companies like apple and google, they have more than enough cash to ride out the apocalypse and buy up assets on the morning after