Re:Tech’s defiance of economic gravity came to an abrupt end
by SantalBlush on Tuesday December 27, 2022 @02:14AM
(#34146103)
The recession talk is delusional. Every economic metric but inflation is in good shape. These people don't know what they're talking about.
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Re:Tech’s defiance of economic gravity came to an abrupt end
by fullshark on Tuesday December 27, 2022 @11:47AM
(#34150380)
Inflation means interest rates will be up, which is bad news for silicon valley and profitless startups in particular. The economy might be ok (very debatable) but if interest rates stay high and the VCs pump and dump of unprofitable unicorns on the public markets has ended...
Re:Tech’s defiance of economic gravity came to an abrupt end
by laidoffamazon on Tuesday December 27, 2022 @01:54PM
(#34152270)
Yes, it's not great for lots of business models. But the dotcom boom happened when the effective federal funds rate was much higher than it is now.
I think (and perhaps I'm very wrong!) we'll settle back into a 2018, 2017 tech industry minus companies like OpenDoor rather than a early 2021 euphoria