Updated: November 10, 2022, 01:42 AM IST
- Big Tech is in trouble. Major companies such as Meta, Google and Amazon have seen their market value drop drastically as revenues have declined. Elon Musk-owned Twitter reportedly plans to do the same to Mark Zuckerberg’s meta with thousands of employees. With the economic downturn, it seems that the era of big tech is over. Mint’s Shashank Mattoo breaks down the challenges of Big Tech. Mattoo looks at how these companies built up such a strong following in the first place. He explains the woes of Big Tech – falling revenues, lack of innovation capacity and increasing pressure from governments.