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by YetAnotherNick
74 days ago
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I don't know if you ever worked on big tech? Everyone knows this through gossips, referrals, friends of friends etc. The hard part is to figure out how actionable this information is. > information that can move markets. That's the hardest part to figure out. Stocks aren't very correlated with anything. Slight changes in this quarter's iPhone sales in China doesn't move the share price very much if it is within range of expectation. |
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https://news.ycombinator.com/item?id=47622584
I have worked at Amazon. I can guarantee you that no one on the Amazon Retail side had any clue what went on at AWS or vice versa.
Do you think that any of the rank and file knew that Jassy was going to announce mass layoffs or that Amazon was going to spend so much on Capex for AI that the stock would go down?