[RomanPushkin]

Phraseology:

Roku: “Current economic conditions”

Cisco: "rebalance across the board"

Amazon: "unusual and uncertain macroeconomic environment”

Disney: “a targeted hiring freeze”

Meta: “macroeconomic downturn”

Salesforce: "performance issues”

Stripe: “stubborn inflation, energy shocks, higher interest rates, reduced investment budgets and sparser startup funding,”

Opendoor: "the most challenging real estate market in 40 years”

[i_love_music]

Cool observation. Fascinating to see how corporate speak spreads and builds off each other. These are like memes in their technical definition - "behavior that may be considered to be passed from one individual to another by nongenetic means, especially imitation"

Once a company or two uses these phrases it become politically acceptable to repeat them because they have now been "vetted". Contrarian or outsider views are not well received most of the time despite all of us wanting to believe we're different/unique/contrarian.

Humans are such an interesting species.

[lamontcg]

Absolutely none of that is new, its all recycled from 2008, 2001 and prior cycles with minor tweaks for current conditions.

[apohn]

>Opendoor: "the most challenging real estate market in 40 years”

Didn't the subprime mortgage crisis happen in 2007? The current situation is worse than that???

[1letterunixname]

About 5 years post dotcom bubble.

I think it's worse considering the inflation in food and gasoline. A 6 pack of beer at the grocery store is $10 now. 1 L of carrot juice is $6. It's unsustainable especially considering how wages barely moved for anyone. I don't see how people are getting by.

[thdespou]

Easy. Stop drinking so much beer and prepare your own food for starters.

[mattbrewsbytes]

For them it is, I think they're one of those companies that buys property from you without listings, etc. then you can move and they clean it up and list it. My guess is the property is on their books and prices have been fluctuating a lot so they could be upside-down on a bunch of inventory with less home buyers because the interest rates rose.

For a home owner selling and a realtor, the realtor likely has to compete to earn business but they are a third party to the transaction.

[dilyevsky]

Also forget about a multi year slump of the early 1990s

[soperj]

For the greater world I'd say definitely.

[apohn]

>For the greater world I'd say definitely.

Could you elaborate? I honestly don't understand...

The effects of subprime crisis was not limited to the US. And instead of people not being able to afford homes, there were lots of people worldwide who lost their homes after they lost their jobs and their properly values collapsed.

https://www.globalpropertyguide.com/investment-analysis/The-...

Opendoor is US only (as far as I know) so the layoff justification just seems silly.

[yamtaddle]

I think it's possible market velocity is lower now (house prices still somehow insanely-high while mortgage rates are also much higher than they've been for many years) and expected to remain so longer, than in 2008, which might mean it is worse for Open Door, if not overall.

[christophilus]

FTX: "drug laced penthouse orgy ponzi scheme blowup"

[RomanPushkin]

Upstart: "the challenging economy"

Seagate technologies: "global economic uncertainties"

Philips: "worsening macroeconomic environment"

Microsoft: "valuate our business priorities on a regular basis and make structural adjustments accordingly"

Intel: "sudden and rapid" economic decline

Twilio: workforce grew “too fast” and “without enough focus”

[ryandrake]

I love how vague they all are. They might as well have said "We have a bad feeling about the world" or "We consulted an ouija board" as justifications. Do they really think a normal person reads these and accepts the reasoning?

[flerchin]

Twitter: "" gestures vaguely at Elon.

[user_]

> "Frankly, the economic picture ahead is dire"

> "An increasingly competitive world"

[mc32]

I prefer this over everyone using the same excuse and or reason (contrast with Twitter talking points from pundits who use the same phraseology to push for or against something).

[RomanPushkin]

SAP (2019): "fitness program"