Michael “Bobo” Burry drops a nuclear grade black pill

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what does that mean and what is he trying to say?

who cares lmao

i hate codeniggers and SaaS but i don't see how this is true. abandoning SaaS and going back to perpetually licensed software or owned hardware is expensive and time consuming. it's cheaper to keep getting fucked up the ass with SaaS.

It's easier to cancel a subscription for an online service than it is to return something that you paid for fully.

Good luck converting your entire corporation off of a heavily integrated subscription software. At worst the rate of new subscriptions will slow down as the economy sours. This doesn’t apply to B2C corps, though. They’re fucked

Why would subscription-based business models (SaaS or IP licensing?) fare worse in a downturn that the alternative (whatever that is)? I wish he would provide a bit more detail and rationale.

>typical Any Forumsnigger IQ

he's talking enterprise cloud software/hardware, not normies subscribing to netflix or adobe lightroom. if you think it's "easy" for a corporation to go back to non-cloud then you've clearly never had a job in your life.

SaaS worker for a CRM app here. This scares me. This is why I'm currently jobmaxxing and interviewing every day.

I noticed that HR recruiters are no longer using scheduling software as a service to align times for interviews with the team. Stuff like Calendly is the 1st to go. There will be many other apps that they cancel.

all those companies lose value when subscriptions drop, and when times get tougher people are just going to cancel their shit to save money and then they're going to tank.

They can and will go back from the cloud. I'm seeing it happening.

just as people will stop smoking and drinking through tough times, yes?

He means move your money to vanguard index funds

I am so sick of this faggot

i kind of doubt it's the overall trend. the company i work for recently signed a $100M SaaS contract with adobe.

Netflix might drop, AWS won't

drinkers and smokers are addicted on another level, it's really not the same thing as some normies cancelling hulu to save some money.

Is this lettuce fucked up?

>I am so sick of this faggot
People would have been so tired of him and his housing market schtick if twitter was a thing back then.

I wonder if there are still some place where to find the original Burry posts on the forums he frequented back than.
Does anybody know?

your single mommy is sick of you
and i'm kinda getting sick of gaping her asshole

I consider something like azure an online service. It's easier to scale down and up nowadays, and he is also talking about revenue sharing for hardware which is basically what cloud services are.

What happens is instead of selling someone a server rack like back in the day, you pay for your own server rack with a loan and rent it out to people as a "cloud service" (like amazon, microsoft, google are doing). This can mean that when some of your users fall off (due to bankruptcy in a recession) you can become immediately insolvent because the margins are not only thin, but are immediately affected by your users leaving.
It's basically a just-in-time supply chain kind of problem, but the start of the chain that you need to live is actually your users and you have zero room to pivot due to the subscription setup you have with them if something goes awry.

>get's hired
>salary is a flat payment on your first day
>you have to stay at the company until you die or employer decides he had enough with you

>drinkers and smokers are addicted on another level
I'd believe that level of addiction of the average drunk or chain smoker pales in comparison to the level of addiction the average normie nowadays has to smartphone, social & streaming media....

Alcoholic smoker here and can confirm. I don't have any subscriptions but all my colleagues have been talking about which one to cancel. I know Mt anecdotal story means shit but my point is that people, especially families have more than one, like Disney plus for the kids, Netflix because they have that one show the wife likes and amazon prime because they like the shows, you get the point. Normalfags may not cancel them all but many of them can and will reduce them. Also, the addition of ad supported tiers is not sitting well with them, but they'll suck it up because they're stupid