LinkedIn co-founder Reid Hoffman: tech has learned big lessons in 2022 – Yahoo Finance

The All Markets Summit will air on Yahoo Finance from 9 a.m.-5 p.m. EST on Monday, Oct. 17.It has been a year to forget in the tech industry.We’ve seen nasty down-rounds on formerly hot private companies (see onetime buy now, pay later darling Klarna) that fetched stratospheric valuations in 2020 and 2021. Publicly traded tech companies have already laid off workers — from money-losing stock trading outfit Robinhood (HOOD) to the more household name platforms Snap (SNAP) and Netflix (NFLX).Even once financially invincible Meta (META) — the company formerly known as Facebook — has fired off a few earnings warnings thanks to a sharp economic-driven slowdown in advertising sales. Meta also waved goodbye to longtime COO Sheryl Sandberg in late September.Amid the chaotic new normal for tech, LinkedIn co-founder Reid Hoffman says industry leaders have learned lessons that they can apply to achieve better results in 2023 and beyond.”I think what you’re seeing is lessons being learned and evolution happening,” Hoffman said in an interview filmed for the Yahoo Finance All Markets Summit. “I think one of the good lessons is to stay very focused.”Sheryl Sandberg, then COO of Meta, attends the annual Allen and Co. Sun Valley Media Conference,…
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