Note that Google gets 97% of revenue from ads. Advertising is particularly vulnerable to downturns in the business cycle.
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Replying to @HbdNrx
In the 2000-2003 dotcom crash, many companies failed as advertising dried up. Ad revenue pumped up the bubble, and the drop in ads popped it
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Replying to @HbdNrx
The next downturn is going to be particularly rough on the ad-reliant companies, which seems to be most of Silicon Valley these days.
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Replying to @HbdNrx
It's funny that Silicon Valley went from literally developing silicon tech to developing better ways to show you ads.
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SV, formerly the center of American technological progress, is America's advertising capital now. What does that say about America?
10:06 AM - 27 Aug 2017
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