It’s Doom Times in Tech

It is not doom times in "tech". Technology is the pursuit of more benefit with less resources. It may be doom times in technology categories like crypto that are at the peak of their hype curve and not yet in the plateau of utility. Investors will pull back, but that will just have the effect of repricing the good companies. Bad companies probably shouldn't be funded, and this will result in the work being done to differentiate what that means in 2022. There is so much cash on the sidelines waiting to be put to work, liquidity is not an issue.

I think social media tech companies are going to on a long term downward trend. People are sick do adtech and surveillance capitalism. But everything else in tech will bounce back.