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The plunge is so severe that some executives are comparing it with the dot-com bust in 2001, when hundreds of companies disappeared and Silicon Valley lost near
by iigs 18y ago
The plunge is so severe that some executives are comparing it with the dot-com bust in 2001, when hundreds of companies disappeared and Silicon Valley lost nearly one-fifth of its jobs.
I had never heard that statistic before... Interesting.
The article had my internal monologue going "ok, where would be better, what move could I make to avoid the fallout from this?" and it occurred to me that there's probably not going to be any industry that makes it out of this unscathed.
I suppose it's a good reminder that as an individual you should invest in high risk things in good times but also have a sound strategy for minimizing your risks in the event of serious economic troubles. Maybe it's a lot easier to say that on a web forum than to practice it in real life, though.