The US Fed raising interest rates faster than expected is driving the crypto crash, tech layoffs, and more, as companies value “money now” over long-term bets
Less investment in longshot speculation (crypto) — It's more costly to waste money (layoffs at profitable tech companies) — Costly long-term plays (Disney+) look worse https://www.slowboring.com/... B...
On Monday, Facebook's stock rose 4.2%, closing at $355.64, giving Facebook a $1T market cap for the first time, the fifth US company to hit the milestone
The irony: The milestone was achieved following a federal judge's dismissal of an antitrust complaint from the FTC, which sent shares up. https://www.axios.com/... Caleb Watney / @calebwatney : Extrem...
Chinese tech companies now surpass almost all their global rivals in size and value, even US giants, which will fundamentally reshape the world
Cast your eyes down the list of the world's most valuable private technology companies and you might be put in mind of the 2008 Beijing Olympics. Tweets: @patrickc , @jonrussell , @jrichlive , @soundb...