Its more likely that they calculated that the spike in ecommerce that was caused by people quarantineing in their houses would not last, but it would still rema

Its more likely that they calculated that the spike in ecommerce that was caused by people quarantineing in their houses would not last, but it would still remain higher than how it was. (And its likely that it did, when you adjust it to the economy). But nobody seems to have anticipated the Ukraine war and the sancitons hitting back the West itself, exacerbating inflation in the US and creating record inflation in Europe. That really kicked the balls of the tech industry. And judging from national currencies being used more in international trade now, its likely that the old environment with infinite cash and little to no inflation in the US will not return. Since all the dollars that are not being used by countries that are now trading in their own currencies seem to flow back to the US, causing inflation. Its likely that this may end the high cash influx, bloated stock share value economy and make the old format non-workable. But in the long run when the inflation and the prices settle, ecommerce should still be a profitable activity. Except that now companies would be valued on what actual revenue they are making, instead of the elusive and unpredictable potential value into the next decade which may or may not come. In short, less WeWorks, more companies with an actual business model that works immediately or in visible future.