Big Tech Signalling a pending collapse - as shared by Gordon Johnson
Big Tech signals a pending collapse by Gordon Johnson (extracted from his tweets on 26 July 2022) Source : https://threadreaderapp.com/thread/1551959500428640257.html I have highlighted some key parts and shall conclude with my thoughts. These are his original text and no edits have been done to keep its authenticity. 1/13 Is Big Tech signaling a pending collapse in the office market, as well as the job market? Let's explore; firstly, $AMZN recently announced it's halting construction on 5 office towers in Bellevue WA, w/ a 6th that was planned for construction canceled . $AMZN also put... 2/13... on hold an office tower in Nashville, TN. They also slashed plans on addtl office space in Hudson Yards in Manhattan, after reporting their 1st loss in yrs in Q1. All in, it looks like $AMZN will be shedding 10-30mn sq ft. of excess warehouse space it took on during... 3/13... the pandemic it no longer needs. In fact, in late Jun it emerged that $AMZN delayed or canceled 13...