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Interest Rates Cripple Silicon Valley
- Silicon Valley's tech boom relied heavily on historic low-interest rates which allowed easy borrowing and high valuations.
- Rising interest rates disrupt this model, reducing investments and crushing startup valuations sharply.
Tech Giants' Reckoning Begins
- Tech giants face massive layoffs and valuation drops due to investor demands for profits and shrinking ad revenue.
- The "Uber for X" and free-subsidy models are ending, forcing companies to rethink business strategies.
SVB Collapse Reveals Tech Recklessness
- Silicon Valley Bank collapse exemplifies the fragile and reckless financial culture in tech.
- VC and startup elites triggered their own crisis but demanded government bailout despite anti-regulation stances.