TOBY SHAPSHAK: The year Big Tech lost its ‘big’
Amazon shed $1-trillion in market value and Facebook has dropped 70% since renaming itself Meta
22 December 2022 - 05:00
What is the biggest tech story of 2022? Was it Elon Musk’s astounding offer to buy Twitter for $44bn, or Amazon’s $1-trillion loss in market value? Or Tesla’s $500bn halving of its value since Musk announced his plan to buy the “digital town square”? Or Facebook losing 70% of its market value since changing its name to Meta in October 2021?
This is the year Big Tech became just tech...
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