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Big Tech's big problems: From China to Silicon Valley | Business Beyond
Posted
December 16, 2022
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201,293
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December 16, 2022
201,293
2,424
167
1.29%
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20:07Now PlayingAfter more than a decade of relentless growth, the world's biggest tech firms appear to be in trouble. 2022 has been a year of unprecedented flux in a sector which had looked at times invincible.
High profile lay-offs, plunges in market value and existential questions about user bases have created doubts around the long-term futures of giants such as Meta and Amazon.
Then there's regulation. Growing concerns over tax, antitrust and privacy have seen several legal cases mount against Google, Apple and others, while in China, a major government backlash has hit the country’s major tech players in several ways.
Is it all just a bump in the road amid wider economic uncertainty, or is something deeper going on?
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