Activate founder and CEO Michael Wolf talks to Bloomberg Technology’s Caroline Hyde about future tech investment in the metaverse. The technology space is experiencing several layoffs. Companies like Spotify, which saw their sales soar during the pandemic are seeing a downward trend. To survive, most tech giants are implementing mass layoffs. In this way, organizations are sending out the message to their investors that they are now focusing on generating more revenues. Per Wolf, the technology sector is losing 100,000 jobs from these leading companies. Furthermore, they are looking for new areas of growth. While all industries want to keep the tech talent, others will find new ways of employment. The metaverse hype is already gone. However, investors looking for a sustainable future tech investment will be putting their money on the virtual platform. Want some more on metaverse investment? Watch the video.
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