Replace ‘Tech’ With ‘Banks,’ and We’ve Seen a Big Comeuppance Before - News Summed Up

Replace ‘Tech’ With ‘Banks,’ and We’ve Seen a Big Comeuppance Before


SAN FRANCISCO — When I moved to the Bay Area two years ago, it was with a sense of relief. In California I was joining a growing team of reporters covering Silicon Valley, which had quickly become the new engine of the economy. Just like Wall Street before it lost its luster, the tech industry had become the destination of choice for the top college graduates. Now, just two years after getting here, and a decade after the start of the financial crisis, I have a creeping sense of déjà vu as I go about my job. Admiration of the tech world has, in the wake of a growing list of scandals, quickly soured into an intense suspicion that manages to cross partisan lines, similar to what Wall Street faced after 2008.


Source: New York Times September 09, 2018 23:15 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */