Just check stock market history (eg Nasdaq) [0] (select the entire length). Even though tech experienced a long exponential market value rise after the dot com

Just check stock market history (eg Nasdaq) [0] (select the entire length). Even though tech experienced a long exponential market value rise after the dot com crash (2000) in the last few years (2019+) there was a super-exponential event (bubble) of even faster rise. This was even reinforced in the pandemic. Instead of worrying about all the fragilities exposed in society, the streched supply chains etc, this dramatic event was even turned into a tech positive (remote working etc). The tech sector was the only official speculative game in town (unofficially we also had crypto bubble) and management could get away with everything. What happened since is not so much a recession but the invasion of Ukraine and the further disruption of global trade, inflation, simmering geopolitical tensions, acceptance of climate risk etc. Basically the virtual reality of tech got discounted in markets and people focus now on formerly unfashionable bricks and mortars. So nothing personal or technically relevant, just stock prices, executive remuneration and incentives. [0] https://www.marketwatch.com/investing/index/comp?mod=market-data-center https://www.marketwatch.com/investing/index/comp?mod=market-...