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this post was submitted on 03 Aug 2024
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Apple
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Why?
If apple is going to lose value they will probably shed staff. If apple is doing it there is a high likelihood that the entire tech market is going to be in rough shape, as I don't know of anything apple is doing that is any worse than Google or Microsoft.
So potentially we are about to see a recession, at least in tech.
Fuck me. I started my career in the recession, why do we have to have two?
Settle down. Microsoft, Google, and Apple are completely different types of companies. Apple is a hardware company, mostly phones and headphones. The other two companies are data, and cloud computing companies. What's more likely than anything is that Apple's value grew to be an outsized percentage of BRK's portfolio and they don't like the exposure from that, so they are re-diversifying.
You're settle down comment is well noted.
I'm just an idiot on my phone, lol
I could have phrased it better, but I basically just meant that there's probably no cause for concern. The internet has been panicking over every little development for years now, but the economy just keeps on churning along.
That's basically how I took it 😆 I'm pretty self deprecating (thanks depression) so thats just how I talk.