It's been a while since the last recession. If there was another one, which companies would do well? "Do well" could mean succeed or grow meaningfully, or "do well" as in not be hurt as badly
Ask HN: What tech companies/industries will do well in a recession?
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Re: Ask HN: What tech companies/industries will do well in a recession?
#2Platforms like airBnb/Uber. The house always wins.
Re: Ask HN: What tech companies/industries will do well in a recession?
#3We're arguably in a recession right now: https://en.wikipedia.org/wiki/COVID-19_recession
Companies offering free services or cheap ownership of things should do well I think, but any company that relies on subscriptions or upgrades would be hit hard.
Re: Ask HN: What tech companies/industries will do well in a recession?
#4What do you mean by well? Like stock increases, profitability, etc?
I guess what I’m asking is are you looking for stocks to invest in or a job to ride out the storm kinda thing?
Re: Ask HN: What tech companies/industries will do well in a recession?
#5Sites targeting distressed or bankruptcy assets like: https://www.inforuptcy.com/
Re: Ask HN: What tech companies/industries will do well in a recession?
#6Outsourcing firms like Upwork
Re: Ask HN: What tech companies/industries will do well in a recession?
#7People downscale their food choices during recessions.
They drop Five Guys and go back to McDonald's. Panera vs Subway, Chipotle vs Taco Bell, etc.
Re: Ask HN: What tech companies/industries will do well in a recession?
#8Probably most, if not nearly all; tech is eating everything.
Re: Ask HN: What tech companies/industries will do well in a recession?
#9Power Systems or certain companies in the healthcare space?
I was working in a company making software for utilities and oil & gas companies (think competition to GE, Siemens etc). Don't think this will ever be slowed down or have to lay off people specifically due to a 2008-09 like recession
Re: Ask HN: What tech companies/industries will do well in a recession?
#10Platforms like airBnb/Uber. The house always wins.
Both @ IPO prices. In a recession both of their main offerings drop as people don't use the service - to keep their share prices up they need to up their rev share combined with equity prices dropping as a hole. Strongly disagree with this opinion.
If the argument is for working at them - I think any large tech corp with a voluminous employee size is probably relatively safe (layoff risk always abound).