The argument made is that these companies a recession proof because they don't make any money?
In a bizarre way it makes sense. Can't affect your income if you don't have any income. It'll be hard for newer startups to get funding (perhaps) so the barrier to entry for competitors grows.
Works as long as they don't hit a wall before things recover.
The argument made is that these companies a recession proof because they don't make any money?
In a bizarre way it makes sense. Can't affect your income if you don't have any income. It'll be hard for newer startups to get funding (perhaps) so the barrier to entry for competitors grows.
Works as long as they don't hit a wall before things recover.