This is what happens when executives don't acknowledge or listen to the levers of supply and demand. Instead, they created their own artificial demand and now there is a very likely chance we will witness the second great technology bubble crash of this century that may cure the big tech disease entirely (fingers crossed.)

Many have argued that big tech platforms' astronomical revenues and profits were the product of a one-time shift in advertising dollars from legacy media to digital forums which they propped up as a veneer in an apparent demonstration of size and growth. To be fair, many investors are spooked about Meta's skyrocketing operating expenses as it continues to sink billions into the Metaverse, but Silicon Valley as a whole has recently shed a staggering $4.4 trillion in value since last fall.

FANGMAN (Facebook, Apple, Netflix, Google, Microsoft, Amazon and NVIDIA) rose from $1.5 trillion of combined value in March 2014 to recent peaks of $11.7 trillion this time last year, yet the out-of-this-world growth gave execs a superiority complex thinking they had dutifully arrived in god mode. But the recent shake-up with Elon, Meta's spending spree, 2 years of arbitrary censorship, and "misinformation" debacles such as the Hunter Biden laptop and incessant pestering by "fact-checkers" big tech doesn't seem as untouchable as it once did.

"Will a $4.4 trillion loss of market cap begin to sober up Silicon Valley and remind executives that their job is to maximize profits and shareholder value, not reform society in the name of woke ideology or any other political creed?" - David Stockman (Brownstone.org)

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