Is this Dot Com Bust 2.0?

The tech world is crumbling right before our eyes.

Meta revenues are down 50% and they’re laying off 11,000 workers.

Google revenues are down significantly.

Amazon is cutting 10,000 jobs.

Stripe, Salesforce, Microsoft, and almost every tech firm is laying people off and cutting budgets.

The crypto world is reeling from the bankruptcy of FTX where people lost billions of dollars overnight.

Twitter cut 50% of its staff, 90% of their contractors and ad revenues have plummeted as advertisers wait to see what happens.

Is the tech bubble about to burst after many years of incredible profits?

Some of you may remember the Dot Com Bust of 2000–2001.

I was a casualty as I watched my 20-year tech career evaporate into thin air.

Is this Dot Com Bust 2.0?

No.

In the 1990s, the internet was new and venture capital firms threw billions at tech firms so they would miss out.

Lots of great ideas but very few companies actually turned a profit.

One of my clients at the time was a venture capital firm who created a wall of shame in their office.