indeed they are, but it should also be noted that the same investors were behind the hiring spree in 2021-2022 - FAANG massively expanded hiring (as it most of tech tbf) as we all raced for a bigger slice of that juicy globalised, digitised, remote first future we all thought was gonna be happening. Different world now, as we are in hostile de-globalisation, meaning smaller markets, increased costs, less trade - and therefore less investor return