'Great Hesitation': Amazon, Meta, Alphabet Preparing for Recession
The economic outlook is darkening, and tech giants like Google, Facebook, and Amazon are getting ready for a rough ride.
Source: businessinsider.com
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The economic outlook is darkening, and tech giants like Google, Facebook, and Amazon are getting ready for a rough ride.
The tech downturn is escalating as public companies are facing massive valuation cuts, and late-stage startups are seeing venture capital dry up.
Facebook's unsure pivot to the 'metaverse' and challenges like executive departures and a low stock price have many comparing the company to Yahoo.