Silicon Valley is getting a reset -- some could also call it a comeuppance -- after the past 12 to 13 years of insane growth, often irresponsible spending, hubris and swagger. Read More...
If it was not obvious by 2022’s sharply lower financial results for most tech companies, the shocking collapse last week of Silicon Valley’s go-to bank marked the bitter end of the past decade’s big tech boom.
The near Lehman-like collapse of Silicon Valley Bank last Friday was a massive blow to the startup and venture-capital ecosystem, where new ideas and companies come from. And earlier this week, more layoffs and limited hiring at Meta Platforms Inc. META and Apple Inc. AAPL, respectively, pointed to a potentially longer…
