Published by
The Street
The Street
By Luc Olinga The rout of markets, due to recession fears, is hurting the valuations of even the most promising startups. So far, 2022 has been a terrible year for the markets. The Federal Reserve’s (Fed) decision to hike rates to fight inflation, which is at a 40-year high, has hit tech companies particularly hard. Investors who fear a difficult future and in the worst case a recession have been liquidating their positions and opting for caution. They want to see how the economy will react in the coming months. This wait-and-see attitude penalizes companies that live on promises of future pro…
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