2023: The year of competitive innovation

All the crashes in 2022 put the ball in the customers’ court this year.

Tristan Perona

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

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