Alphabet used to be called Google. Now it's called Alphabet because they're trying to, you know, make it seem like they're into other things besides Google,. Their Google technology is now under threat from Microsoft and chat GPT. I think what happened, we had this era of the last 10, 20 years where these companies were just minting so much money, they did not know what to do with it. And there's a real question of what their business models kind of support going forward that I think candidly that they aren't reckoning with enough.
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.
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