The Intelligence from The Economist

Competitive spirit: tech after the pandemic

Oct 28, 2021
Ludwig Siegaler, a US technology editor in San Francisco, and Tim Judah, The Economist's Balkans correspondent, dive into how the pandemic has shifted the landscape of the tech industry, slowing growth for major players while small firms thrive. They discuss Serbia's military build-up, revealing its ambition to be a regional power amid rising geopolitical tensions. Additionally, fascinating insights into the rapid evolution of tuskless elephants in Mozambique highlight human impact on nature.
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INSIGHT

Tech Landscape Shift

  • The pandemic significantly changed the tech landscape, impacting big tech companies like Alphabet, Amazon, and Facebook.
  • While their profits still grew, the rate decreased, highlighting a shift in the industry's dynamics.
INSIGHT

Smaller Tech Firms Outperform

  • Smaller tech firms experienced faster growth than the big five during the pandemic.
  • This signifies a potential rise in competition within the tech industry.
INSIGHT

Big Tech Slowdown

  • Big tech earnings have slowed due to various factors, including economic changes and Apple's privacy policy update.
  • This slowdown, while notable, was somewhat expected after a period of rapid growth.
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