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 …
Tech companies are pressing the brakes as slowdown approaches Read More »
Data: Pew Research Center analysis of the current population survey. Chart: Baidi Wang / Axios Most people who changed employers between April 2021 and March 2022 saw their real earnings increase — despite rising inflation, according to a new Pew Research Center report. why does it matter: Amid evidence that the “Great Resignation” is paying …
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 …
Facebook’s redesign marks the end of the era of social networks Read More »
Hopes that Congress would vote this summer on a key tech antitrust bill faded as the August recess quickly approached. The Big Picture: This Congress is more likely than ever to push efforts to pass competition rules for big tech in the fall, when they will face slim chances with lawmakers distracting from the midterm …
Congressional Efforts to Regulate Big Tech Fades Read More »
