The year of efficiency started with significant layoffs at some Silicon Valley giants. It’s closing with many young tech startups — once appraised in the billions — selling for a few million.
ARI SHAPIRO, HOST:
See if you can guess what these tech startups all have in common – the office-sharing company WeWork, the electric scooter maker Bird and the orthodontics company SmileDirectClub. Well, all of them were once valued at billions of dollars and more recently, they collapsed. WeWork filed for bankruptcy. Bird was delisted from the New York Stock Exchange. And those are just the household names. So
→ Continue reading at NPR - Technology