With the pandemic impact on the economy subsiding and pre-pandemic regularity slowly coming back, technology firms are facing a major setback. How does it impact you? The exuberance of a pandemic induced growth of tech companies and startups is facing a harsh reality check. Netflix is losing subscribers in hundreds and thousands, Zoom’s stock price is down over 80% from the pandemic highs, the nearly invincible Amazon announced its first loss since 2015 as sales slowed, costs rose and its investment in electric vehicle company Rivian wiped out profits. Start-ups now talk about real profits Even startups with dizzying valuations like Uber are talking about showing real profits. Closer home, TechEd unicorns...
More like thisRelated
Industrial automation and robotics have been increasingly finding their space. But, at the same time, they are facing a massive talent shortage.
How the rising demand and sales of electric vehicles in India are boosting the production of lithium-ion batteries in the country.
How is metaverse shifting the focus from mobile to wearables and spurring the growth of AR and VR?
Global IT spending and investment in artificial intelligence are bound to surge, and it will eventually fast-track the digital transformation.