Kara Swisher: After the Very Good Times in 2021, the Reckoning for Tech Stocks Is Here

From a New York Times opinion piece by Kara Swisher headlined “Tech Reckoning Is Upon Us”:

Inflation? Rising interest rates? The lingering pandemic? The Russia-Ukraine conflict?

All of the above explain the tech stock dive. After the very good times in 2021, the reckoning for tech valuations, as well as start-up funding by venture capitalists and cryptocurrency, is officially here, with all plunging into the Mariana Trench of finance. The only question is whether it is 2001 (the Web 1.0 crash) or 2008 (the Web 2.0 crash) or some new web3 crash.