What if most companies have no long term vision and just follow the trend, like when they all hired hundred/thousands of employees during covid for seemingly no reasons
During covid the demand for online services went way up, media consumption, remote work and study. They had to try to increase their share of it and now they scale back.
But the impact to these companies is, in general, less about inflation and more about free money.
As I remember it, the Fed kept saying things were fine until faced with at a hard, cold 8.5% inflation rate.
Has this been quantified? And on the downslope too?
On the other hand, Zuckerberg would rather create the metaverse rather than cash out on Facebook, so he decided to throw unlimited money at it until he received severe pressure from shareholders.
The idea that the pandemic would create some new world never really made any sense for a global rampup anyway.