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“The F king Party’s Over”: Why Silicon Valley Can No Longer Spend Like It’s Richer Than God

Por: Slate Tech September 24, 2022

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This article is from , a newsletter by Alex Kantrowitz. Big Tech’s recent slew of canceled projects, staff reshuffles, and calls for “efficiency” is no accident. Rising interest rates have focused investors on short-term profitability, and companies like Amazon, Alphabet, Meta, and Snap are responding. Amazon’s longer-term  bet is finished, Facebook’s  unit is shrinking, and Snap’s selfie drone is . “The fucking party’s... + full article



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