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2022: The year that tech bubble burst

Tesla billionaire Elon Musk slashed nearly half of Twitter’s global workforce in 2022 just days after taking over the social networking site. FILE PHOTO | AFP

By  Kabui Mwangi

Correspondent

Nation Media Group

The tech industry was one of the worst hit in 2022, making it the year that put brakes on a sector that had witnessed roaring growth for decades.

The Covid-19 pandemic helped cushion the sector as consumers went online and organisations grew online presence, but it was not enough to reverse the downturn.

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