[This is a reading of this Big Take story.] So far this year, the tech-heavy S&P 500 has lost just under one-fifth of its value. Among the worst-hit have been Amazon.com, Tesla, Meta, Zoom, and Shopify.  It’s comforting to call it cyclical or blame Covid, inflation and the war in Ukraine. But the truer explanation, one that necessitates a real reckoning, is that the industry, once again, is facing up to the compounding impact of its bad decisions. Listen to Bloomberg Businessweek’s “The Great Tech Rout of 2022 Was a Long Time Coming” by Brad Stone and Lizette Chapman, read by Mark Leydorf.

[This is a reading of this Big Take story.] So far this year, the tech-heavy S&amp;P 500 has lost just under one-fifth of its value. Among the worst-hit have been Amazon.com, Tesla, Meta, Zoom, and Shopify.  It’s comforting to call it cyclical or blame Covid, inflation and the war in Ukraine. But the truer explanation, one that necessitates a real reckoning, is that the industry, once again, is facing up to the compounding impact of its bad decisions. Listen to Bloomberg Businessweek’s “The Great Tech Rout of 2022 Was a Long Time Coming” by Brad Stone and Lizette Chapman, read by Mark Leydorf.

Each weekday, Big Take brings you a story - one big, important story. We talk to Bloomberg journalists around the world, experts and the people at the center of the news to help you understand what's happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology - we cover it all.

Each weekday, Big Take brings you a story - one big, important story. We talk to Bloomberg journalists around the world, experts and the people at the center of the news to help you understand what's happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology - we cover it all.

Big Take

The Tech Monolith Is Crumbling

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5a20ca0a-d779-48aa-bdac-aea00186fe7f/transcript

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