Amazon leads the tsunami of terrible tech news

Amazon leads the tsunami of terrible tech news

It’s a tsunami of bad news coming from technology.

For two years, the COVID-19 pandemic has seen the tech sector see at least some growth as the rest of the world has stalled. People only interact through technology companies’ products and services.

Now the economy is slowing, and the game for the tech sector is changing – but not in a good way. The industry has been hit hard while the world’s central banks are battling inflationits highest level in 40 years.

After leaving interest rates at almost zero, the United States Federal Reserve He has increased it since March to crush the soaring prices of goods and services, which have pummeled consumers purchasing power.

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