Huge amounts of our current tech industry have yet to prove they can even make a profit. I'm pretty sure than in a few more months we'll find out they can't. I

Huge amounts of our current tech industry have yet to prove they can even make a profit. I'm pretty sure than in a few more months we'll find out they can't. I work for a fairly large, fairly successful company and I'm having to explain to my team how to quantify the business value of a product, like showing that the value provided to customer in terms of dollars is greater than the cost of the service we provide. It's an uphill battle, because we've lived in a bubble so long people don't even remember this basic fundamental of business. The tech industry exploded because of cheap money, but by and large has completely failed to extract actual value from the technology. Even when I list out the "tech" products I do use frequently (Uber, Door Dash and the like) I realize that the products they offer are basically investor charity since they cannot be sustained indefinitely at the price point they're offered (and they don't make sense if they charge more). Of the actual technology I use, the vast majority has barely changed in a decade. The most impressive thing I've purchased in years is finally getting an RTX 3070 and that is just "neat!". Anyone who remembers the release of the original iPhone will instantly recognize that despite the trillions spend in the tech industry, nothing quite as game changing as that has come out since. Google search was also better back then.