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by H8crilA 2288 days ago
When I wrote "big guys" I meant Apple, Microsoft, Facebook, Google, Amazon. And I meant even those aren't safe due to the reasons mentioned in the GP, despite large cash buffers and generally excellent credit.

Many (most?) companies will survive, the question is in what form.

1 comments

Correct. No-one's completely safe. But those companies you mention that are made up of the FAAMNG including Netflix are powering the majority of the internet services such as (AWS, GCP, Azure, Facebook Ads and Apple Services) which are used by many developers and startups. For some of them, this isn't even their main source of revenue generation.

It's the unsustainable VC funded, near-zero revenue, rapid growth and high costs burn rate so called 'tech' startups which some have IPO'd or some are still raising capital with no plan for a profit that will not survive.