It's the end result of outsourcing and "zero trust".
No one really trusts the Indian outsourcer with their internal systems. But they sure are cheaper, so the risks get mitigated by micromanaging and recording access to everything.
This then spreads to all employees, even those with skin in the game, and then nobody is productive any more. Not just the contractors.
It's very hard to square the activity in the real economy vs the valuations in the stock market. As a stark example, look at the revenues of AAPL for 2019 vs 2024, then compare the market caps for EOY 2019 vs 2024. It's astounding. What's causing this? ZIRP, which is now gone, but lower rates ahead it seems, and the trillions in money printing. Little of the helicopter money ended up in consumers hands as evidenced by AAPL's revenue growth. Almost all of it ended up in the hands of the investor class.
Both are Israel based companies. It didn’t buy Okta as it is not Israel based company which is a better bet than this given Okta is really beaten down stock. Why did they realize now when stocks are at all time high. They should have honestly bought it a year back. CyberArk real price is around $250 and palo is buying for $450. The worst price one could buy.
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[ 2.8 ms ] story [ 44.4 ms ] threadNo one really trusts the Indian outsourcer with their internal systems. But they sure are cheaper, so the risks get mitigated by micromanaging and recording access to everything.
This then spreads to all employees, even those with skin in the game, and then nobody is productive any more. Not just the contractors.