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Episode 16 - FTX, Dow Drops 900 Points and Interest Rates are here to Stay but how are are they impacting Tech companies?
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In episode 16 of the Exit Strategy, we can begin to see the beginnings of the meltdown of FTX as Sam Bankman Fried has been placed under arrest without bail. The Dow Jones Industrial Average tumbled almost 900 points on Thursday, putting U.S. stocks on track for their worst day in three months, as investors digested tough talk from the Federal Reserve on inflation that revived concerns about a potential U.S. recession. With the rise of interest rates, we have witnessed a massive slowdown in funding in the technology sector as investors have more options to invest in risk-free market assets as they take a step back from the volatile stock market. Updates on what we can expect in the coming year.
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