Once seemingly unstoppableBig Tech is now in reset mode.
We’re not talking about Snap’s earnings driving its stock down, or Twitter’s lackluster earnings report from early this morning. No, we’re talking about Big Technical. The world’s biggest tech companies are pulling back in a way that might clear some brush for startups still making their way through the wilds (private markets) to the promised land (public markets).
Exchange explores startups, markets and money.
Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.
That’s good news for smaller companies, which have long resented the large amount of cash that the world’s Google and Microsoft could throw at potential hires, some of whom came from bigger startups. small and more limited financially.
But, as with most good news, there’s a catch.