2023: The year of competitive innovation

Tristan Perona, researcher, JPR 2022 beat down most tech companies. The market lost $4 trillion. At the beginning of the year, the S&P paraded Silicon Valley, with Tesla being the fifth most valuable company and Meta being the sixth in the index. Amazon’s market cap tumbled from $1.7 trillion to $834 billion in the last month. Twitter still hasn’t made an annual profit since 2019. Crypto customers allegedly lost $8 billion to FTX and Bankman-Fried, and their market crashed and burned. As the cost of living gets more expensive, customers are starting to cut out the luxuries, and rice in