It’s like all the CEOs decided “we’re doing ok, but I want a legacy. Today’s the day I’m going to burn this place to the ground, and refuse to admit I was wrong”

Is a result of the massive shift in the economy over the last year. Lots of these tech companies were built on the back of the historicly low interest rates since 2008 meaning people saw better returns on investment than saving so there’s money at anything. With the interest rates shooting back up, it’s now the other way around so these companies need to be making much more profits and paying out much bigger returns to keep investors interested rather than just sitting on their hordes like Scroge McDuck.

FOMO?