Daniel Ek, CEO of Spotify, speaks to reporters at a news conference on May 20, 2015 in New York.DON EMMERT/AFP By now it has become… Read More »Dreams for the tech sector’s rout: The end of founder worship, and a reset of toxic startup values
Spotify announced Monday that it was letting go about 600 employees, or 6 percent of its workforce.Patrick Semansky/The Associated Press Investors may be taking the… Read More »Mass layoffs in the tech sector don’t mean mass profits
Workers set up a Google display ahead of CES 2023 at the Las Vegas Convention Center on Jan. 3. Google’s parent company Alphabet announced about… Read More »Why tech stocks rally when companies cut jobs
Amazon is cutting 18,000 people from its workforce.Mark Lennihan/The Associated Press The US tech giants that built the digital economy and generated trillions of dollars… Read More »US tech sector’s former big spenders shift focus from flashy projects to core businesses
Anyone else wondering where all the unicorns have gone? Less than two years ago, big-name venture capital funds lined up to put money into Clearco,… Read More »Opinion: There’s no white knight saving Clearco and troubled tech plays
Mutual-fund giant Fidelity Investments has slashed the valuations on its holdings in several private Canadian technology companies including Hootsuite Inc. and ApplyBoard, Inc., reflecting a… Read More »Fidelity cuts valuations of Canadian tech companies including Hootsuite and ApplyBoard amid sector downturn
A recent sell-off in tech has dissuaded some investors from entering growth names as they get slammed by fears of further rate hikes. By following… Read More »How to invest in the tech sector, according to a long-time analyst
One of the best-performing sectors during the pandemic, the technology sector is now facing a challenging time as a reversal in fortunes has companies tightening… Read More »Experts weigh in on what tech companies can do to grow amid the downturn