Research Notes: Too-Big Tech

Tech companies have started cutting costs. But that may be only the first step

📍TL;DR

• The era of the growth-at-any-cost “MoviePass economy” has clearly ended.

• Widespread layoffs and cost controls across tech are focused on increasing profitability by reducing operating expenses.

• But for some companies, the answer might be in shrinking not just costs, but revenue, and accepting the reality of being a niche business.

• With the market p…