It makes sense to me that the economy overall is doing well but that the tech sector specifically over invested during the pandemic and is now contracting.
That’s my thinking. Tech companies over-expanded based on predictions juiced by the pandemic accelerating things online, that actually didn’t happen so they are over extended.
But I can see being critical of a ceo saying it’s the macro environment when other industries are doing really well. They clearly mispredicted the future, that’s different than a broad economic decline.
But I can see being critical of a ceo saying it’s the macro environment when other industries are doing really well. They clearly mispredicted the future, that’s different than a broad economic decline.