My take - 1. The valuation of fintech companies (e.g klarna, stripe, PayPal) will keep reducing. BNPL companies e.g Affirm will be the worst (this is already happening). Some of the companies e.g. Bolt might go out of business or get acquired. Stripe’s private valuation might remain almost the same in the next 2-3 years (they probably don’t need to raise any money soon), but if the ipo in that period, the public valuation will reduce a lot! 2. Netflix’s valuation will go up once they introduce ads. It’ll keep going up for approx 1-2 years until other video steaming companies e.g Disney+ have ads. At that point, Netflix will have no moat. They’ll do some more layoffs and reduce salaries (this is already happening with the introduction of levels in Netflix) 3. Ride-hailing companies e.g. Uber and Lyft will suffer the most. They have absolutely zero moat. They need to innovate quickly (financial innovation e.g ads on the platform… not tech - no amount of tech innovation can help them except self-driving and that’s not going to be commercial anytime soon). Uber’s argument of “we’re profitable in some cities” is completely weak. I’m pretty sure they are only profitable in cities that don’t have Lyft. Even is some of cities, there’s other competition. (I visited a city where people use more public taxis that now have an app- the reader experience was the same (and even cheaper) for me. The driver said the experience was the same for me as well) - Zero moat. 4. Data companies e.g. Databricks, Starbust, etc. will have to do a lot of discounts and cut costs. The bill of their customers (non-FAANG) are trying to reduce cost. It’s not that technical spending is not very important, it’s just less of a priority in this market than increasing profit and reducing burn rate. Companies will still pay for such products - they’ll just spend more time shipping for the best deals. So, valuation of data companies will reduce (not too much) and there’ll be some minor layoffs. 5. Meta will continue to pay approx the same comp (s/o to Zuck for giving employees high TC lol) but they will layoff or “ease out” many employees. They’ll also kill many projects. This is inevitable. It’s surprising it hasn’t happened yet. Meta is the one company that could layoff 20% of their employees and the market will react very very favorably to the news. There’s hardly any shareholder (minus employees) that don’t want that to happen. (On the flip side, Google will gradually reduce comp because “we are Google and you are getting a discount”. Amazon will eventually reduce comp as well because they will be hiring more than most companies and will have an upper-hand when it comes to negotiation - some people will get high comp, but they will be outliers - comp will increase when stock bounces back). What’s your honest, no bullshit opinion about how your company will do in the next 2-3 years if the economy keeps getting bad?
Staying in MAANG will be the safest place to be imo. Lots of startups and smaller companies who are cash poor with low cashflow will suffer.
Will just do fine
The stock market is not an indicator of the economy, it’s an indicator of investor sentiment A companies valuation does not have a causation relationship with how well a company is doing but rather a correlation with investor expectation of the future of the company That means companies won’t die out, or whatever just because their valuation dropped Companies MAY choose to cut costs to deal with inflation, or to improve margins to improve return to investors Mostly cost cutting will be done to deal with inflation and not to increase stock price
Splunk is in a hold position with a private equity firm until 2/2023, as was publicly announced. I can’t say more because I don’t know anymore. My personal opinion with no insider information at all, I’m not privy to any, is that we are going private or acquisition is coming.
Will continue underpaying employees and experiencing attrition. Will do just fine other than hurting for employees.
We wont be fine but then we never were to begin with
All co will be bad place to work soon. Nothing change co culture, benefits, retention, retrenchment policies faster than angry boardroom
Never heard of your company op tbh
Medical appointment check-in; they’re pretty well-known in med tech. Ironically, I think that as the big medical records companies in the US roll out their own native solutions, Phreesia will either get bought out or become obsolete.