Lots of companies are going to get vaporized': The tech titans of Silicon Valley are in serious trouble

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https://www.businessinsider.com/twilight-of-tech-gods-recession-stock-market-crash-silicon-valley-2022-5?utm_source=facebook&utm_medium=news_tab&utm_source=reddit.com

 

The brightest minds in America have gone West over the past 20 or so years to prospect for ideas in Silicon Valley. Not to gain riches, we were told, but to solve urgent problems and make things we could use. All we needed to do was get enough seed money to the right minds to develop the right technology, and we could solve everything from mobility to climate change to inequality. This idealistic gold rush minted new billionaires, tech titans who captivated investors and entranced the public with promises of a better tomorrow.

 

Axel Springer, Insider Inc.'s parent company, is an investor in Uber.

Check out: Personal Finance Insider's picks for best cryptocurrency exchanges

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