this post was submitted on 20 Nov 2023
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sounds desperate. I'd be selling google stock if I had any, are they really so dependent on loans that interest rates are killing them or is this more AI fuelled bullshit?
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.
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.