After a fat year, tech startups are bracing for lean times
Which are most at risk?
AFTER A STUNNING run during the pandemic, which put a premium on all things digital, tech stocks have hit a rough patch. The NASDAQ, a technology-heavy index, has fallen by 15% from its peak in November, weighed down by a new outbreak of covid-19 in China and the Russia-Ukraine war, which are gumming up supply chains, and inflation, which erodes the value of future cashflows, making risky growth stocks less attractive to investors. On April 20th the market value of Netflix crashed by a third, or $54bn, after the video-streaming titan reported the first quarterly net loss of subscribers in more than a decade.
This article appeared in the Business section of the print edition under the headline “Hungry, hungry unicorns”
Business April 23rd 2022
- Annual meetings are the new frontline in the battle over corporate purpose
- Netflix sheds subscribers—and $170bn in market value
- Big tech wants to bootstrap carbon removal into a big business
- After a fat year, tech startups are bracing for lean times
- Elon Musk’s Twitter saga is capitalism gone rogue
- Startups for the modern workplace
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