The awesome Taylor Lorenz reports this on Mastadon. Highly recommend to follow her if you like these updates about what’s going on.
The awesome Taylor Lorenz reports this on Mastadon. Highly recommend to follow her if you like these updates about what’s going on.
Most of those IT platform companies only rent their premises as it helps improve the balance sheet and quarterly results by moving “capital expenses” into “operational costs”
I believe part of it is that managing huge buildings is actually a pain in the ass and requires specialized experience to do efficiently, so many companies end up saving money by not owning their buildings.
Well that, and the fact it costs huge amounts of money to own land in cities.