this post was submitted on 25 May 2024
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Yeah, I'm convinced they know. We know it, they know it, and I'm pretty sure at this point they know that we know it. So, like, what, we're all just gonna hold hands into the apocalypse? Sorry, I'm not trying to come off as being shitty at you. Like a lot of people I'm just very frustrated with the way things are in a wide selection of sections of society and I just can't help but think of Kitty Genovese in times like this
More likely departments or the entire company, if valuation drops too low, is sold to a private equity firm. Profits from the sale get showered over the shareholders. The private equity firm is going to drastically restructure Google and if that doesn't work give it a few more squeezes to get the profit out and sell the tech for parts. That's the standard play book.
That requires the valuation to drop. A ton of people just go with what they know and are only fuelling it, creatures of habit and convenience and whatnot.
That's true up to a certain level. Then a moment comes where the pain of using it becomes bigger than the convenience and there is an exodus. Some call that the trust thermocline . Or as some say how they went bankrupt as first gradually, then suddenly.