Oddbean new post about login | logout Like 6 months from now there's going to be nothing to watch on the streaming services and they'll shed millions of customers and billions in market cap and they'll act like there was no possible way they could have predicted that fighting with their unions would have that effect.
@8dbe0d95 The myopic approach to understanding revenue trends has always bothered me about any business. Me during the pandemic: Yes, we see an increase in revenue and sign-ups because this is an anomaly. Shouldn’t we treat it like an anomaly and prepare accordingly? Investors then: It’s a boom! Let’s spend and hire like never before! Investors now: We could never had predicted the slowing economy. We’re really sorry we have to lay off all these people.