2655
you are viewing a single comment's thread
view the rest of the comments
[-] JonEFive@midwest.social 7 points 1 year ago* (last edited 1 year ago)

I'd be selling google stock if I had any

If you did, you probably wouldn't. Unfortunate as it may be, Google is an unfathomably massive business that continues to generate value for their shareholders. Any stock sales by an average individual as a protest are meaningless. Even if you sold a million dollars worth of stock, it wouldn't mean anything to them.

Alphabet's market cap is currently 1.7 trillion dollars. With a T. $1,700,000,000,000.

We can extrapolate from there just how much money would need to move for them to pay even a little attention. For example, $170 million dollars is just 0.01%. Granted a move that large from a single investor might cause a brief drop as others sell as well, but investors are just gonna buy it all up at a discount. They'll call it a market correction and keep on going.

I'm not saying you should just roll over and accept their shit, but money is not the way to do it unless you can move more than a billion dollars.

[-] Fedizen@lemmy.world 3 points 1 year ago

Its possible one of the problems plaguing most countries today is that tech companies are greatly overvalued. I think musk made this obvious with twitter but across the board you see almost identical playbooks by every major tech company. This is maybe because they aren't as profitable as they've been saying.

this post was submitted on 20 Nov 2023
2655 points (98.0% liked)

Technology

59736 readers
718 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 2 years ago
MODERATORS