Facebook, Apple, Amazon, Microsoft, and Google will emerge stronger from this downturn; Refinitiv: from 2008 to 2010, these companies acquired 100+ firms
Flush with cash, Facebook, Apple, Amazon, Microsoft and Google are positioned to emerge from a downturn stronger and more powerful. As usual.
New York Times Tripp Mickle
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Discussion
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@carnage4life
@carnage4life
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Big tech stocks are tanking but since they're highly profitable they aren't in danger of going out of business. This is such an obvious observation it's weird to see it being treated as news. It is however consistent with the NYT's default anti-tech bias. https://www.nytimes.com/…
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@arlanwashere
@arlanwashere
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Mini acquisitions are coming... “During the Great Recession, Facebook, Amazon, Google, Apple and Microsoft acquired more than 100 companies from 2008 to 2010.” https://twitter.com/...
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@nytimesbusiness
@nytimesbusiness
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Apple, Amazon, Microsoft and the parent companies of Facebook and Google have lost more than $2.7 trillion in value so far this year — about the annual GDP of Britain. Still, they are positioned to emerge from a downturn stronger and more powerful. https://www.nytimes.com/...
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@lisaabramowicz1
Lisa Abramowicz
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Facebook, Microsoft, Google, Apple & Amazon had nearly $300 billion in cash, ex-debt, at the end of March: Loup Ventures. They have boosted bonuses, planned to add staff and will likely buy back shares & try to make acquisitions, despite the stock rout. https://www.nytimes.com/..…
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@stevelohr
Steve Lohr
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Why the big tech “house” seems set to keep winning. Smart piece by @trippmickle https://www.nytimes.com/...
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@adamsinger
Adam Singer
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Recall Eric Schmidt saying one of his biggest misses was that he didn't continue to hire aggressively all throughout the previous crisis. It's an opportunity to scoop up some of the best people. Chance favors the prepared mind... https://twitter.com/...
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@alecmacgillis
Alec MacGillis
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“In the months ahead, Microsoft, Google, Apple and Amazon are expected to boost hiring, buy more businesses and emerge on the other side of a bearish economy stronger and more powerful — even if they shed some of their total valuation.” #fulfillment https://www.nytimes.com/...
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@richard_florida
Richard Florida
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“During the Great Recession, Facebook, Amazon, Google, Apple and Microsoft acquired more than 100 companies from 2008 to 2010, according to Refinitiv, a financial data company. Some of those deals have become fundamental to their businesses today ...” https://www.nytimes.com/...
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@skybridge
@skybridge
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The leading big tech companies with strong balance sheets will use this downturn to attract talent, make strategic acquisitions, and innovate in ways they may not have during boom times. The leading crypto companies will do this as well, only on steroids https://www.nytimes.com/.…