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this post was submitted on 25 May 2024
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More likely departments or the entire company, if valuation drops too low, is sold to a private equity firm. Profits from the sale get showered over the shareholders. The private equity firm is going to drastically restructure Google and if that doesn't work give it a few more squeezes to get the profit out and sell the tech for parts. That's the standard play book.
That requires the valuation to drop. A ton of people just go with what they know and are only fuelling it, creatures of habit and convenience and whatnot.
That's true up to a certain level. Then a moment comes where the pain of using it becomes bigger than the convenience and there is an exodus. Some call that the trust thermocline . Or as some say how they went bankrupt as first gradually, then suddenly.