Business Maverick: Tech is going through a midlife crisis, but that doesn’t mean you shouldn’t

But you know, correlation is not causation. Most people can only afford sports cars when they get to middle age. The fact that middle-aged men drive sports cars could easily be explained because they have wanted to drive them their entire lives but can only afford them in their 40s.

There is a discussion going on in the ether at the moment about whether the tech industry is going through a midlife crisis, or whether what is happening is more existential. Unemployment around the world has not increased by large numbers, but every major tech company has announced huge layoffs, including Amazon and Meta. Most tech companies have lost close to half their value.

And yet, Thompson concludes, this might not be all about the desperate search for lost youth. In fact, it has a lot more to do with interest rates. The period after the great recession has been defined by low interest rates, a consequence of low aggregate demands. “This created the perfect conditions for an era of endless cash that venture capitalists, seeking high rates of return, poured into low-marginal-cost software companies.

He could take the lead in the sequel to 'Silence of the Lambs' when they do one !!!

I thought that it might be the guy in the piss pot helmet taking his Harley out for a Sunday morning breakfast run.

He’s not slightly balding. He had hair implants. His hair is fine.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Business Maverick: Crypto markets sag as funds drained from FTX switch out of EtherCryptocurrency prices struggled on Monday in the ongoing crisis sparked by the downfall of Sam Bankman-Fried’s once powerful FTX empire. Hopefully the adverts that see encouraging small and large investors will disappear. People have lost life savings to this well presented scam.
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »

Business Maverick: Wall Street wants Xi’s money-minting markets to come backMore than two years of growth-squelching policies sent international investors fleeing China. It’s taken all of two weeks to lure them back.
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »

Business Maverick: Stocks drop amid China Covid worries, Fed rate: markets wrapStocks and emerging-market currencies decline in Asia amid concern that China may tighten Covid curbs after reported deaths, and as investors weigh the outlook for US rate hikes.
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »

Business Maverick: Energy Stocks Weigh on S&P 500 Amid Demand Fears: Markets WrapUS stocks dropped amid concerns about the growth outlook in the US as the Federal Reserve vows to be persistent to fight inflation. Investors are also seeking shelter in the dollar as worries mount that China may tighten Covid curbs after a string of reported deaths.
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »

BUSINESS MAVERICK: Cartoon Tuesday with RicoDefend Truth
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »

Business Maverick: FTX Latest: House, Senate Line Up Hearings to Investigate CrashHouse and Senate panels are planning hearings in December about bankrupt crypto exchange FTX and its former chief executive officer, Sam Bankman-Fried, amid renewed calls for Congress to strengthen regulation and oversight for the industry.
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »