Tech

December 16, 2022

Twitter takeover almost 2 months in and the company continues to operate fine despite firings all around. Penny may drop as tech C-suites or PE groups realise that you can get rid of most of your staff and operate perfectly fine.

The whole point of tech was low overheads and strong margins due to the ability to scale off fixed infrastructure. It really feels like a lot of tech has forgotten about this because VC have provided incentives and determined the goal of success is to chase growth, sometimes be it by selling dollars for cents.

This publication contains factual information and general commentary only, provided for informational and educational purposes. It does not constitute financial product advice under section 766B of the Corporations Act 2001 (Cth) and has been prepared without taking into account any reader's objectives, financial situation, or needs. Nothing in this publication is intended as a recommendation to acquire, dispose of, or hold any financial product. Readers should consider whether the information is appropriate to their circumstances and seek advice from an appropriately licensed adviser before acting on any content. Ausyield does not hold an Australian Financial Services Licence and does not provide personal financial advice.