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  • clutchmattic@beehaw.org
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    1 year ago

    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”

    • OttoVonGoon@beehaw.org
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      1 year ago

      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.

    • WarmSoda@lemm.ee
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      1 year ago

      Well that, and the fact it costs huge amounts of money to own land in cities.