Business
Opinion: In Silicon Valley, an era of boom seems to be coming to an end
If markedly lower financial results in 2022 for most tech companies are unclear, last week’s shock collapse of the bank’s move to Silicon Valley marked the bitter end. of the great tech boom of the past decade.
The Lehman-like collapse of Silicon Valley Bank last Friday was a blow to the startup and venture capital ecosystem, where new ideas and companies are born. And earlier this week, more layoffs and limited hiring at Meta Platforms Inc. META and Apple Inc. AAPL, respectively, has indicated the possibility of a…