Tech’s painful year 2000 flashback – Axios
2022 is looking unhappily like 2000 for the tech industry.
The big picture: In both this year and 2000, tech stocks took a tumble in the spring after peaking in the stratosphere. Then six months later, with a recession looming, big companies started cutting payrolls and startups began measuring burn-rate runways.
Other parallels: The 2000 market, like today’s, got hit by the Fed’s tightening interest rates after a spell of easy-money policies (in 2000, it was to protect against Y2K bug problems). And in November 2000, as today, the U.S. was heading into a tight national election.
Back in fall of 2000, CEOs and workers knew that dotcom mania was over.
- But they couldn’t know they were on the precipice of a massive market collapse that would last several years, level much of the industry landscape, and clear the field for a new generation of platforms and winners.
- They also couldn’t know that a nascent market revival in 2001 would get swamped by the aftermath of 9/11, prolonging the…
The post Tech’s painful year 2000 flashback – Axios first appeared on SEO, Marketing and Social News | OneSEOCompany.com.
source: https://news.oneseocompany.com/2022/11/01/techs-painful-year-2000-flashback-axios_2022110134852.html
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.