This is not chaos at all. Have you seen tech in such chaos before, or does this look different? It's been much worse. This is not a group of people that suffered even in Iota. They get jobs right after things. There's numerous startups that start in the downturns. Most of the country is actually there's two jobs for every one person. That's a really buoyant outlook for most people who don't have this high level training.
Rapid-fire layoffs, activist investors at the gate and tumbling stock prices — tech has had a bad year. But Kara tells Nayeema she’s seen it all before and that the industry, if not all its captains, will survive this shake-up, too. In the panel interview, Kara is joined by two other journalists: Jessica Lessin, founder and CEO of The Information, a scoop-laden tech news platform covering Silicon Valley, and William Cohan, a former M&A banker and a founding partner at Puck, another excellent source for scoops.
They tackle what’s behind the long decline, and recent rally, of tech stocks, and when and how the Valley will bounce back. Then they zoom in on what Meta, Google, Microsoft, Amazon, Apple and Netflix will need to zoom in on to survive the storm. And Jessica offers a theory: the time is ripe for a changing of the old tech guard. Sorry, Elon — it may be time to step aside.
You can find Kara and Nayeema on Twitter @karaswisher and @nayeema.
Learn more about your ad choices. Visit podcastchoices.com/adchoices