Something tells me my job search is about to get a lot harder.
Edit: anyone hiring? Pm me!
this post was submitted on 03 Aug 2024
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Apple
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Are you searching for a job at Apple?
Not really, but I probably wouldn’t turn one down.
Why?
If apple is going to lose value they will probably shed staff. If apple is doing it there is a high likelihood that the entire tech market is going to be in rough shape, as I don't know of anything apple is doing that is any worse than Google or Microsoft.
So potentially we are about to see a recession, at least in tech.
Fuck me. I started my career in the recession, why do we have to have two?
Settle down. Microsoft, Google, and Apple are completely different types of companies. Apple is a hardware company, mostly phones and headphones. The other two companies are data, and cloud computing companies. What's more likely than anything is that Apple's value grew to be an outsized percentage of BRK's portfolio and they don't like the exposure from that, so they are re-diversifying.
You're settle down comment is well noted.
I'm just an idiot on my phone, lol
I could have phrased it better, but I basically just meant that there's probably no cause for concern. The internet has been panicking over every little development for years now, but the economy just keeps on churning along.
That's basically how I took it 😆 I'm pretty self deprecating (thanks depression) so thats just how I talk.
So... What do you do?
Sent you a PM 👍
Same
comment from the page (by a Mark Fuller):
People need to remember that the stock is worthless until you sell it.
not if it pays dividends but that concept went out at the millenium
Thinking like that doesn't make the most precipitous stock market since the roaring 20s. Gotta go bigger till the whole thing collapses!
It was more than half of their portfolio? Dang.
At one point, Berkshire Hathaway’s stake in AAPL was around half of its entire portfolio.
They probably didn't even plan for it. They just bought it and it kept getting bigger.
Where does the article say that?
At one point, Berkshire Hathaway’s stake in AAPL was around half of its entire portfolio.
He's still alive?
Is this related to Friday dump?
Daddies taking profits and boomers holding the bags?
which probably means you should too
Dude has $80B stored in Apple, so I doubt he thinks he’s going to lose money on Apple.
Seems more like he wants cash to invest in companies that have more growth potential.
and anyone who has investments should keep an eye on where hes going next!
This guy really went full pr and people for a while at least bought into his whole "good guy billionaire" act. Even all his charities are just there to funnel money to his kids and family who all run those
Man, I wonder if I should sell my Google stocks