Facebook and Google have soaring bad debt expenses in their quarterly earnings.
But hidden among both companies' 10-Q filings is a line item that offers a stark insight into how small businesses are being brutalized by the ongoing crisis — and bodes ill for the tech firms' results if the economic situation continues to worsen. What these figures mean in practice is that the economy is in increasingly awful shape. If companies aren't paying their advertising bills, it's a strong sign they're struggling to stay afloat — or going bust outright.
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I don’t know that it would be a bad thing if these two went bankrupt. The world deserves better than these two partisan companies.
These big tech monopolies are as good as their customers. The index funds ETFs created these monsters killing competition. Wisdom prevails!!!
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