Once seemingly unstoppableBig Tech is now in reset mode.
We’re not talking about Snap’s earnings plummeting, or Twitter’s mediocre earnings report from earlier this morning. No, we’re talking about Big Technic. The world’s largest tech companies are retreating in a way that might brush off some startups that are still making their way through the wilderness (the private markets) to the promised land (the public markets).
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This is good news for smaller companies, which have long been annoyed by the sheer amount of money the world’s Googles and Microsofts could throw at potential employees, some of whom came from smaller, more financially constrained startups.
But as with most good news, there is a catch.