ZeroFox CEO James Foster told Axios that going public gives the company a financial cushion to navigate whatever the economy has in store heading into 2023.
Meanwhile, major cyber companies are seeing double-digit percentage drops in their stock prices and areFoster argues that ZeroFox is lean enough to survive the upcoming economic downturn, yet large enough to support a wide product range that can accommodate customers' changing needs. "We are at the scale where most companies dream of being, and it's up to us to make sure that we can continue to move forward at a rapid pace," Foster said.Foster is still watching global inflation rates and jobs reports closely to guide his company strategy.
"When you lose jobs, people stop spending money. People stop spending money and businesses make less money," he said. "The question is when that happens."
It may be too early to say but I believe cryptocurrency is here to stay. 😎