Why Big Tech's Jobs Bubble Burst. Plus, SBF's Scandal Deepens.
Plain English with Derek Thompson
00:00
Tech Industry Dynamics: Interest Rates and Layoffs
This chapter examines the interplay between rising interest rates and investment behaviors in the tech sector, highlighting the resultant layoffs at major companies like Netflix and Uber. It also discusses how the trend of diversifying into advertising may influence future market slowdowns and reinforces the phenomenon of executive decision-making as a social contagion during uncertain economic times.
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