Mar 11, 2020

As the Start-Up Boom Deflates, Tech Is Humbled

Posted by in categories: business, internet

The pullback will probably not be as severe as the dot-com bust in the early 2000s, when dozens of unprofitable internet firms failed. Today, venture capitalists and other investors still have large pools of money to invest. And certain types of start-ups — like those that make tech for businesses and that typically have steady sales — continue raising large sums of money.

Layoffs. Shutdowns. Uncertainty. After a decade of prosperity, many hot young companies are facing a reckoning.

Comments are closed.