{"id":579770,"date":"2022-11-17T13:25:08","date_gmt":"2022-11-17T13:25:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/"},"modified":"2022-11-17T13:25:08","modified_gmt":"2022-11-17T13:25:08","slug":"is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/","title":{"rendered":"Is this the beginning of the end for Big Tech \u2014 or the start of a reinvention?"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a><strong> The fallout from the pandemic is hitting the bottomlines of Big Tech. <\/strong>A slowdown in consumer spending, rising inflation, and the strong USD hitting overseas sales have all contributed to a slowdown in Big Tech, reports <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-08\/the-pace-of-tech-job-cuts-is-reaching-early-pandemic-levels#xj4y7vzkg\">Bloomberg<\/a>. Tech stocks have been among the <a href=\"https:\/\/edition.cnn.com\/2022\/11\/14\/investing\/tech-stocks-faangs\/index.html\">hardest hit<\/a> amid a wider downturn in the stock markets, with Microsoft, Amazon, Tesla, Apple, and Google shares all losing double-digit percentages off their value so far this year. The tougher conditions are leading tech firms to slash spending and make mass layoffs in an effort to tighten their belts.<\/p>\n<p><strong>Why?<\/strong> Tech companies surged during the pandemic, investing in new workers and data centers to support remote work, socialization and e-commerce as we all kept our eyeballs glued to online content (and the ads that accompany it). That bubble is deflating and Big Tech is seeing a resulting slowdown in revenue growth, as people return to offices and resume their social lives.<\/p>\n<p><strong>The macro environment is not as welcoming to growth stocks as it once was: <\/strong>High global inflation is forcing most central banks to make jumbo rate hikes, putting the brake on economies that were already slowing thanks to lingering post-pandemic supply chain snarls and an uncertain geopolitical outlook. <a href=\"https:\/\/www.reuters.com\/markets\/asia\/poll-global-economy-approaching-recession-central-banks-unchained-2022-10-26\/\">Economists are generally forecasting<\/a> that the coming recession will be short and not too severe \u2014 but that has done little to improve investor confidence in an industry that is investing in <a href=\"https:\/\/www.economist.com\/briefing\/2022\/01\/22\/what-americas-largest-technology-firms-are-investing-in\">future technologies<\/a> at a time when the <a href=\"https:\/\/www.cnbc.com\/2022\/11\/11\/investors-fleeing-big-tech-for-old-economy-heres-what-it-means.html\">old economy<\/a> offers more certain prospects.<\/p>\n<p><strong>And then there are the self-inflicted wounds:<\/strong> Big Tech CEOs including Meta\u2019s Mark Zuckerberg and new Twitter owner Elon Musk are spooking investors with risky pivots and chaotic PR. Meta investors are increasingly <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-10-26\/meta-s-zuckerberg-asks-for-patience-as-costs-spook-investors#xj4y7vzkg\">backing out<\/a> as the company\u2019s attempt to jump from social media into the metaverse and AI drains its funds. Meta\u2019s market value has plunged nearly 70% so far this year as revenues fell short of analyst projections, <a href=\"https:\/\/www.cbsnews.com\/news\/meta-stock-down-earnings-700-billion-in-lost-value\/\">costing<\/a> founder Zuckerberg USD tens of bns in personal wealth. Musk\u2019s Twitter takeover has spooked investors at both Twitter and Tesla, with Tesla stock dropping by half since Musk first announced the Twitter buy, and investors <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/musks-all-nighters-twitter-raise-concern-tesla-investors-2022-11-15\/\">expressing concern<\/a> about his all-nighters spent at the social media site. Musk has apparently spent the time working to plunge Twitter into uncertainty, with sudden policy changes and mass layoffs leading to an exodus of advertisers. Twitter investor Chris Sacca <a href=\"https:\/\/twitter.com\/sacca\/status\/1589732907752779776?s=20&t=86qsKuHs3h-uc9Fh38k1BQ\">tweeted<\/a> his doubts about Musk\u2019s ability to manage the social media site earlier this month.<\/p>\n<p><strong>Big Tech is making big layoffs. <\/strong>Nearly 130k tech employees at some 814 companies lost their jobs this year, according to data from <a href=\"http:\/\/layoffs.fyi\">Layoffs.fyi<\/a>, compared to 81k in 2020, Bloomberg reports. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/62b5496d-bf12-4a6c-86f3-bdfc53a5f41f\">Meta<\/a> cut 13% of its workforce, and <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-04\/twitter-cuts-spur-concerns-about-us-midterms-human-rights#xj4y7vzkg?leadSource=uverify%20wall\">around half<\/a> of the Twitter team has left the building since Musk\u2019s takeover last month. <a href=\"https:\/\/stripe.com\/\">Stripe<\/a>, <a href=\"https:\/\/www.salesforce.com\/\">Salesforce<\/a> and <a href=\"https:\/\/www.lyft.com\/\">Lyft<\/a> have all laid off double-digit percentages of their workers and Google and Amazon have slowed down or frozen hiring, with Amazon <a href=\"https:\/\/www.wsj.com\/articles\/amazon-set-to-lay-off-thousands-of-corporate-workers-11668447887\">reportedly planning<\/a> to lay off as many as 10k employees.<\/p>\n<p><strong>Demand for tech products is falling short of expectations.<\/strong> Amazon shares <a href=\"https:\/\/www.cnbc.com\/2022\/10\/27\/amazon-amzn-earnings-q3-2022.html\">dropped<\/a> on its latest earnings release, as costs continued to rise quicker than its revenue and a projected slowdown in its holiday season earnings got investors worrying. In September, Apple ditched plans to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-09-28\/apple-iphone-14-sales-not-strong-enough-to-trigger-production-boost?leadSource=uverify%20wall\">expand<\/a> production of its iPhone 14 as an expected spike in demand failed to materialize. For companies like Meta and Google, which rely on ads as a major source of revenue, high interest rates and tightening purse strings have affected ad revenues. US advertising investment dropped 5% y-o-y in September, marking a fourth consecutive month of declines, according to data from <a href=\"https:\/\/www.standardmediaindex.com\/insights\/u-s-smi-core-release-note-september-2022\/\">Standard Media Index<\/a>.<\/p>\n<p><strong>A bursting bubble \u2014 or a reboot? <\/strong>Some analysts are comparing the fallout to the <a href=\"https:\/\/www.axios.com\/2022\/10\/28\/stock-market-tech-dot-com-bubble-2022\">dot.com crash<\/a> of the early 2000s, after a rout in more speculative tech stocks towards the beginning of the year spread even to the juggernauts of the industry. Others have called the current crisis a \u201creset\u201d for an industry that has been flush with cash for over a decade. The fallout will force bigger companies to build some \u201cfrugality muscle\u201d and increase international competition. It could also create space for new companies to flourish, with layoffs in the sector potentially birthing a new generation of entrepreneurs, <a href=\"https:\/\/www.marketwatch.com\/story\/venture-capital-investors-see-an-r-word-coming-for-tech-and-it-isnt-just-recession-11668623231\">Market Watch<\/a> reports.<\/p>\n<p><strong>The global tech rout has also had an impact here at home. <\/strong>Local VC rounds dried up over the summer, <a href=\"https:\/\/enterprise.press\/whatsnexts\/vc-funding-for-egyptian-startups-is-drying-up\/\">we reported previously<\/a>, dropping 30% in value according to our internal tracker. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ea5eb9c7-6b0c-428f-a102-78b147e5f7c9\">Down rounds<\/a> \u2014 when a company sells shares at a lower price than its previous funding round \u2014 are increasingly common, while the downfall of local startup <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/899989a6-5cfd-4d45-8b01-8a0bdeb5cbb1\">Capiter<\/a> has some predicting that more young companies will face funding challenges. We\u2019re hearing reports of layoffs across the sector.<\/p>\n<p><strong>This could be a chance to build stamina.<\/strong> <a href=\"https:\/\/sequencev.com\/\">Sequence Ventures<\/a> Chairman Karim Helal was optimistic when we spoke to him about the slowdown, stressing that it may act as a reality check for Planet Startup, leading to fewer \u201cbut definitely better and more credible candidates for investments.\u201d The trickling stream of VC funding is also putting asset light B2B e-commerce players in a stronger position than their asset heavy counterparts, as we\u2019ve reported previously (<a href=\"https:\/\/enterprise.press\/whatsnexts\/why-asset-light-b2b-e-commerce-players-are-in-a-stronger-position-than-asset-heavy-competitors-as-vc-funding-dries-up\/\">here<\/a> and <a href=\"https:\/\/enterprise.press\/whatsnexts\/b2b-e-commerce-players-are-focusing-on-integrating-new-verticals-and-adjusting-their-transaction-cost-economics\/\">here<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fallout from the pandemic is hitting the bottomlines of Big Tech. A slowdown in consumer spending, rising inflation, and the strong USD hitting overseas sales have all contributed to a slowdown in Big Tech, reports Bloomberg. Tech stocks have been among the hardest hit amid a wider downturn in the stock markets, with Microsoft, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":579771,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10544],"tags":[318,184,344,633,1143,7198,462,527,639,651,1010],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-579770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-big-tech","tag-amazon","tag-apple","tag-cryptocurrency","tag-enterprisepm","tag-google","tag-meta","tag-microsoft","tag-pandemic","tag-technology","tag-tesla","tag-twitter","wpautop","entry"],"acf":{"mongo_id":"eabc7cb3-bf8e-40d6-a19f-2888816da850","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/674.jpg","photo_position":"above","related_issue":[579755],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Is this the beginning of the end for Big Tech \u2014 or the start of a reinvention? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is this the beginning of the end for Big Tech \u2014 or the start of a reinvention?\" \/>\n<meta property=\"og:description\" content=\"The fallout from the pandemic is hitting the bottomlines of Big Tech. A slowdown in consumer spending, rising inflation, and the strong USD hitting overseas sales have all contributed to a slowdown in Big Tech, reports Bloomberg. Tech stocks have been among the hardest hit amid a wider downturn in the stock markets, with Microsoft, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-17T13:25:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/674.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Is this the beginning of the end for Big Tech \u2014 or the start of a reinvention?\",\"datePublished\":\"2022-11-17T13:25:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/\"},\"wordCount\":881,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/674.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Amazon\",\"Apple\",\"cryptocurrency\",\"EnterprisePM\",\"Google\",\"meta\",\"microsoft\",\"pandemic\",\"technology\",\"Tesla\",\"Twitter\"],\"articleSection\":[\"BIG TECH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/\",\"name\":\"Is this the beginning of the end for Big Tech \u2014 or the start of a reinvention? - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/674.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2022-11-17T13:25:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/674.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/674.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Is this the beginning of the end for Big Tech \u2014 or the start of a reinvention?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Is this the beginning of the end for Big Tech \u2014 or the start of a reinvention? - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/","og_locale":"en_US","og_type":"article","og_title":"Is this the beginning of the end for Big Tech \u2014 or the start of a reinvention?","og_description":"The fallout from the pandemic is hitting the bottomlines of Big Tech. A slowdown in consumer spending, rising inflation, and the strong USD hitting overseas sales have all contributed to a slowdown in Big Tech, reports Bloomberg. Tech stocks have been among the hardest hit amid a wider downturn in the stock markets, with Microsoft, [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-11-17T13:25:08+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/674.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Is this the beginning of the end for Big Tech \u2014 or the start of a reinvention?","datePublished":"2022-11-17T13:25:08+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/"},"wordCount":881,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/674.jpg?fit=%2C&ssl=1","keywords":["Amazon","Apple","cryptocurrency","EnterprisePM","Google","meta","microsoft","pandemic","technology","Tesla","Twitter"],"articleSection":["BIG TECH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/","name":"Is this the beginning of the end for Big Tech \u2014 or the start of a reinvention? - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/674.jpg?fit=%2C&ssl=1","datePublished":"2022-11-17T13:25:08+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/674.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/674.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/is-this-the-beginning-of-the-end-for-big-tech-or-the-start-of-a-reinvention\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Is this the beginning of the end for Big Tech \u2014 or the start of a reinvention?"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/674.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/674.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/674.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":569216,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/17\/big-tech-has-entered-the-oil-business\/","url_meta":{"origin":579770,"position":0},"title":"Big tech has entered the oil business","author":"enterpriseam admin","date":"17 February 2020","format":false,"excerpt":"Big tech has entered the oil business: Google, Microsoft, and Amazon are keen to market themselves as leaders in energy-saving initiatives. But the same machine learning technology these companies use to reduce dependence on fossil fuels in some areas is also being used to automate oil and gas discovery and\u2026","rel":"","context":"In &quot;Worth watching&quot;","block_context":{"text":"Worth watching","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-watching\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/221.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595420,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/25\/hungry-hungry-tech\/","url_meta":{"origin":579770,"position":1},"title":"Hungry Hungry Tech","author":"enterpriseam admin","date":"25 September 2019","format":false,"excerpt":"Hungry Hungry Tech: As large tech companies continue to come under the spotlight for possible anti-competitive practices, the question of just how big is too big continues to be asked. This nifty infographic, compiled using data from the Economist and Bloomberg, shows exactly why. The big five \u2014 Amazon, Apple,\u2026","rel":"","context":"In &quot;Image of the Day&quot;","block_context":{"text":"Image of the Day","link":"https:\/\/enterpriseam.com\/egypt\/category\/image-of-the-day\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/1983.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558029,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/the-big-tech-pacman-goes-woka-woka-woka\/","url_meta":{"origin":579770,"position":2},"title":"The Big Tech Pacman goes woka woka woka","author":"enterpriseam admin","date":"20 September 2021","format":false,"excerpt":"Big tech companies are eliminating competition by buying out their smaller rivals faster than ever, the Financial Times reported, citing data from Refinitiv which showed that tech companies spent no less than USD 264 bn buying rivals worth less than USD 1 bn, over a record 9.2k transactions, since the\u2026","rel":"","context":"In &quot;FOR YOUR COMMUTE&quot;","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/542.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598227,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/19\/world-concerned-big-brother-could-emerge-from-facial-recognition-tech\/","url_meta":{"origin":579770,"position":3},"title":"World concerned Big Brother could emerge from facial recognition tech","author":"enterpriseam admin","date":"19 May 2019","format":false,"excerpt":"Big Brother wants to see your face: Last week, San Francisco became the first American city to ban facial recognition technology used by law enforcement, according to Bloomberg (watch, runtime: 3:38). The move was prompted by civil liberty concerns and fears that this tech could enable a sort of \u201ctotalitarian\u2026","rel":"","context":"In &quot;Worth watching&quot;","block_context":{"text":"Worth watching","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-watching\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/5\/744.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554534,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/15\/why-elon-musk-is-everyones-bnaire-of-the-year-investment-is-pouring-into-the-wrong-kind-of-climate-tech\/","url_meta":{"origin":579770,"position":4},"title":"Why Elon Musk is everyone\u2019s b\u2019naire of the year + investment is pouring into (the wrong kind of) climate tech","author":"enterpriseam admin","date":"15 December 2021","format":false,"excerpt":"Elon Musk is sweeping the Person of the Year awards: The Financial Times namedTesla\u2019s Elon Musk its person of the year for 2021 today, just a few days after Time Magazine announced that Musk would be awarded the same accolade. While one person-of-the-year award could be a fluke, two suggests\u2026","rel":"","context":"In &quot;FOR YOUR COMMUTE&quot;","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/642.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":665566,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/20\/big-tech-is-no-longer-leading-the-2025-market-rally\/","url_meta":{"origin":579770,"position":5},"title":"Big Tech is no longer leading the 2025 market rally","author":"enterpriseam admin","date":"20 May 2025","format":false,"excerpt":"Apple, Tesla, Alphabet, and Amazon are dragging behind the broader S&P 500 \u2014 for only the second time in a decade","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1583.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/579770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=579770"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/579770\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/579755"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/579771"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=579770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=579770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=579770"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=579770"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=579770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}