The Unique World of the Tech Recession

It happens sometimes.

Pets.com, the symbol of the first dot-com crash. Source: Failory

The United States is clearly in the midst of a tech recession. All of the signs from classical recessions are now evident. There have been months of missed earnings reports and mass layoffs. Trends have shifted against some of the leading fads of the industry, resulting in catastrophic losses for crypto and its related companies. Like Victor Lustig in the 1930s or Bernie…