Hacker News new | ask | show | jobs
by webology 1219 days ago
It's mostly copycat behavior. https://news.stanford.edu/2022/12/05/explains-recent-tech-la...

These companies are either setting all-time profit and revenue numbers or just missing last year's all-time records. Wall Street wasn't happy that they just missed their growth targets, but keep in mind that all growth is compounded. So they have never been more profitable, and yet here we are.