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This Is What Happens to Silicon Valley in a Downturn
Podcast |
Odd Lots
Publisher |
Bloomberg
Media Type |
audio
Categories Via RSS |
Business
Business News
Investing
News
News Commentary
Publication Date |
Nov 28, 2022
Episode Duration |
00:42:08

The US economy may not be in a recession, but Silicon Valley, which had a mega-boom throughout the 2010s, is in a downturn. Tech stocks have tanked and almost every day there are new reports about industry layoffs. So what happens next? What happens to its unique corporate culture? What happens to management and employees? On this episode, we speak with Margaret O'Mara, a professor at the University of Washington and the author of the book The Code: Silicon Valley and the Remaking of America. We talk about the history of Silicon Valley's upside-down moments and how the industries that have dominated the region have changed over time, particularly as government money comes in and out of the picture.

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