As Digital Companies Begin Large Layoffs, is this the unseen Bubble Already Deflating?

[Jimmy Higgins]

We are seeing a broad change in the hiring positions (read they are laying a lot of people off) of digital companies like Facebook... I mean "Meta", and "faux taxis" like Lyft. This makes one wonder, what has changed. Lyft is laying about as many now as during the pandemic! When thing are are improving economically?

And then it comes down to this... were they doing well to begin with (or well enough in some cases of companies that were never generating a profit)? Or was debt so cheap, they were able to take on the debt and expand. Now, Disney bought Marvel and they print $500 million to $2 billion in cash every film that comes out, making hundreds of millions in profit. Lyft doesn't even make a profit. It seems that a number of these companies were house of cards built on nothing but faux growth founded on cheap debt which isn't cheap anymore. I've got to imagine Uber will be laying people off because they don't make money either.

Is this possibly a new bubble that is on the verge of deflating? There are companies dealing with legit inflation of costs to do business. But how many companies out there were surviving solely because debt was cheap and now that debt is inflating with the cost of its interest rising quite a bit? What is their dissolution going to cost us now their debt isn't cheap. How many companies are about to vanish?

 

[Gospel]

Carvana is toast.

 

[Oleg]

 

[Jarhyn]

We are seeing a broad change in the hiring positions (read they are laying a lot of people off) of digital companies like Facebook... I mean "Meta", and "faux taxis" like Lyft. This makes one wonder, what has changed. Lyft is laying about as many now as during the pandemic! When thing are are improving economically?

And then it comes down to this... were they doing well to begin with (or well enough in some cases of companies that were never generating a profit)? Or was debt so cheap, they were able to take on the debt and expand. Now, Disney bought Marvel and they print $500 million to $2 billion in cash every film that comes out, making hundreds of millions in profit. Lyft doesn't even make a profit. It seems that a number of these companies were house of cards built on nothing but faux growth founded on cheap debt which isn't cheap anymore. I've got to imagine Uber will be laying people off because they don't make money either.

Is this possibly a new bubble that is on the verge of deflating? There are companies dealing with legit inflation of costs to do business. But how many companies out there were surviving solely because debt was cheap and now that debt is inflating with the cost of its interest rising quite a bit? What is their dissolution going to cost us now their debt isn't cheap. How many companies are about to vanish?

No doubt analysis was done on the pattern of success in the case of influence management, and a bot just as effective as an influencer was generated.

 

[Gospel]

Funny but any serious streamer knows Twitch is where the money is.