Purchasing property generally marks the beginning of the end for a tech company.
Real estate is a lousy investment relative to anything tech.
That was $374M that Nvidia couldn't figure out how to put to use generating more revenue.
Real estate is a lousy investment relative to anything tech.
That was $374M that Nvidia couldn't figure out how to put to use generating more revenue.
https://www.wsj.com/real-estate/commercial/luxury-retailers-...
They were getting tired of constant rent increases and figured it would also deny access to prime property from any emerging competitors in future. The ultimate goal of any business is survival and not pure profits.
They have a huge target on their back from competitors; imagine if a coerced party bought the land and then evicted them?
Seems like it’s not the palatial HQ, but something else.