Inflation, tightened consumer spending, and geopolitical uncertainty have led to a decline in the value of high-growth companies that have remained unprofitable

Inflation, tightened consumer spending, and geopolitical uncertainty have led to a decline in the value of high-growth companies that have remained unprofitable. To combat this, some companies have cut back on side projects and laid off employees. Factors such as geography, sector, and size will likely determine which companies are better able to weather the downturn. Consumer-facing tech companies have seen a decline in sales, while business software companies like Adobe and Salesforce are expected to fare better. Additionally, larger firms, with more cash on hand, are expected to be more resilient during the downturn. The shake-up of the tech industry may help larger firms grow even bigger in 2023. Source: https://www.economist.com/graphic-detail/2022/12/14/after-a-dreadful-year-for-tech-firms-who-will-thrive-in-2023 https://www.economist.com/graphic-detail/2022/12/14/after-a-...