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> That trajectory changed rapidly with a confluence of negative economic developments.

No where in that post does he state what the actual issue was. Global economy slowing down? Isn’t that predictable? And what does that have to do with your currency or exchange?

Why should anyone trust this leadership going forward? Have they changed anything other than laying off 1/5th the people that believed the leaders?

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The majority of people tend to be optimists, and don't plan for hard times. It's been reinforced and rewarded for the past decade through QE+ZIRP, plus continued Fed bailouts.

Still should be held accountable. Was pretty obvious that most things were in a speculative mania in 2020-2021. And SaaS multiples even before that were mostly non-sensical from a fundamental perspective

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