The only silver lining in a bleak global economic outlook today has been the technology industry. Within it, the many triumphs – such as Apple, Workday and Amazon – have been peppered with sporadic financial letdowns. Whispers of a second ‘dot com bubble’ – referring back to the sharp decline in the performance of technology companies in the late 90s, following a number of consistently lucrative quarters – have been rampant due to many entrepreneurial ventures that simply fizzled out. Whatever the case maybe, the picture is indicative of a larger, more alarming scenario; the failure of conventional business models, establishment, and governments.
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