This was not an awesome yr for Huge Tech. In 2022, the financial system slumped, shares fell, inflation skyrocketed, and belts tightened. Silicon Valley was one of many hardest-hit locations, partly as a result of a few of its corporations had skilled such explosive and sustained development for thus lengthy that it nearly didn’t appear potential for that development to cease and even decelerate. And but, right here we’re.
As quarterly earnings calls started to make use of ominous phrases like “economic headwinds” and enterprise fashions have been
