Wall Street finally has the leverage it’s been wanting over Big Tech

Wall Street finally has the leverage it’s been wanting over Big Tech

This is Matt Weinberger, writing to you from San Francisco. The week is drawing to a close, and with it, my time writing this newsletter. Monday's edition of 10 Things in Tech will be written once more by your usual host, Jordan Parker Erb. Before I go, let me just say: Thank you for reading! Thursday was another messy day for tech, in the middle of the messiest month for the industry in recent memory. Meta reportedly fired or disciplined about two dozen employees over the last year for — with some of them accused of taking thousands of dollars in bribes. Meanwhile, the new CEO of now-defunct crypto exchange FTX is , saying that he's never seen a company in such bad shape. Google is Thursday was the deadline for Twitter employees to accept Elon Musk's ultimatum: Get with the program, or get out. It seems many effectively opted for the latter, as Musk abruptly . Take one giant step back, and there's one group benefitting from all the tech carnage: Wall Street investors, who finally have leverage over Big Tech after years of having to swallow spending to excess. There is, once again, very much happening. So let's