Submitted by Fatherthinger t3_z619s2 in wallstreetbets
VisualMod t1_ixyu2nd wrote
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| Total Submissions | 0 | First Seen In WSB | 4 years ago |
| Total Comments | 6 | Previous Best DD | |
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^^WSB ^^Stats ^^Discord ^^BanBets ^^VoteBot ^^FAQ ^^Leaderboard ^^- ^Keep_VM_Alive >TL;DR: The tech industry has lost $7.4 trillion in market value over the past year, as interest rate hikes and inflation have taken their toll. IPOs have slowed to a trickle and companies are cutting costs, freezing new hires, and laying off staff.
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