From mass layoffs, bankruptcy to one of the biggest financial frauds, the tech world saw many shockers this year. Twitter, Amazon, and Meta were among the companies in the spotlight
Elon Musk bidding for Twitter to its acquisition in October saw the highest amount of drama in the tech world this year. It all started with Musk asking for absolute free speech on social media and facing resistance from the former Twitter’s board
After a long-drawn battle over Twitter’s takeover, Elon Musk bought it for a whopping $44 billion and made headlines for dissolving the Twitter board, firing CEO Parag Agrawal
It was just the start. It was followed by mass layoffs, new rules for the existing workforce, and changes such as paid bluetick
Parag Agrawal, who joined Twitter in 2011 as a software engineer, took over the reins from Jack Dorsey in November 2021. He was the CEO for almost a year in the role, until Musk fired him on October 27
...Elon Musk’s relationship with Agrawal was choppy, as Musk accused him of hiding essential data about fake accounts on the microblogging platform
The one-time poster boy of emerging social media platforms, Mark Zuckerberg saw some major falls this year, which led to Meta’s fortunes plunge....
.....Zuckerberg lost $230 billion in stock prices in one day in February, fired 11,000 employees, changed Facebook to Meta, and also saw Meta losing millions of users
On the launch side, Meta stayed muted throughout 2022 as compared to new products or features on Google or Microsoft as Zuckerberg focused much of his time and resources on the Metaverse
Jeff Bezos faced a choppy year despite its successful suborbital flights under its aerospace company Blue Origin
Amazon's stock price suffered dramatically in 2022 as the effects of the pandemic receded and inflation hit people right in their wallet. He lost almost $86.4 billion as tech stocks failed globally
Amazon's stock price suffered dramatically in 2022 as the effects of the pandemic receded and inflation hit people right in their wallet. He lost almost $86.4 billion as tech stocks failed globally
The stunning collapse of one of the crypto’s most prominent firms, FTX, was indeed the best example of a bubble burst.
US authorities charged its founder Sam Bankman-Fried with "one of the biggest financial frauds in the US history" in the failed cryptocurrency exchange FTX. He was arrested in the Bahamas in mid-December
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