Why is tech in trouble if the economy is ok?
Channels with Peter Kafka
00:00
Did You Really Over Hire?
There is some pushback on this narrative. Facebook has been very loud about saying, this is absolutely affecting us. Apple announced it was going to change the way basically that app developers, i.e. Facebook in particular, but anyone who's got an app, could track users across the internet. It really has undercut a big chunk of that economy. There are other sort of, I think macroeconomic factors as well as specific sort of acute tech economy factors that are probably harming some of these businesses more than usual.
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