Tech Industry Turmoil and Meta's Recovery

This chapter explores the challenges faced by tech companies in 2022, highlighting significant stock declines and mass layoffs, particularly at Alphabet and Meta. It delves into Meta's drastic reduction in market value and the factors contributing to its financial struggles, while also discussing potential avenues for recovery through efficiency and AI. Furthermore, the chapter examines the competitive landscape, particularly the rise of TikTok, and contemplates the future of the metaverse amid ongoing uncertainties.