More specifically, this is the wind down from the cold panic finally catching up to Big tech. everyone and their mother invested in big tech during the pandemic because everyone was thinking about the future being digitized, metaversed, etc etc. now that nobody really cares about the cold anymore, and people have by and large snapped back to reality, big tech companies are no longer being showered with free money.
More specifically, this is the wind down from the cold panic finally catching up to Big tech. everyone and their mother invested in big tech during the pandemic because everyone was thinking about the future being digitized, metaversed, etc etc. now that nobody really cares about the cold anymore, and people have by and large snapped back to reality, big tech companies are no longer being showered with free money.