Well, the root cause is likely the interest rate hikes but the proximate cause is that the economic environment has become drastically worse in the last ~6-9mo.
Tech stocks are down a ridiculous amount and funding for startups is now much harder to come by. Probably other factors I don't know about as well.
Tech stocks are down a ridiculous amount and funding for startups is now much harder to come by. Probably other factors I don't know about as well.