“The F**king Party’s Over”: Why Silicon Valley Can No Longer Spend Like It’s Richer Than God

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“The F**king Party’s Over”: Why Silicon Valley Can No Longer Spend Like It’s Richer Than God
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It’s so rough out there, Snap had to give up on making a selfie drone.

to find new teams or leave. “If you’re on one of these really unique teams, perhaps it’s not actually a good skill set match within the company,” said Rahul Pandey, who worked on Meta’s Portal device until January. “It’s a soft way of firing people.” This doesn’t bode well for employees willing to attempt projects that might not work, which is where the best inventions often emerge.

. If the company is wrong—or signals it’s lost even a little belief in its vision—things could get ugly.It’s not all bad news. Companies like Alphabet and Meta have been spending so much on research and experiments that they can slash significantly and avoid short-term consequences.

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