Axios license

Tech companies are pressing the brakes as slowdown approaches

Tech giants who have often sailed above economic turmoil cannot escape the pain of the current downturn, as this week’s earnings reports from major companies in the sector make clear. why does it matter: Even as other industries have struggled during the pandemic, technology has thrived because much of the economy has shifted online. Now …

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Facebook’s redesign marks the end of the era of social networks

Last week marked the end of the era of social networking, which began with the rise of Friendster in 2003 and shaped two decades of internet growth, and is now ending with Facebook rolling out a massive TikTok-like redesign. The Big Picture: Under the social network model, which has been based on the rise of …

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