The Great Tech Rout - May 30, 2022 Issue

May 30, 2022 Issue

The Tech Rout Isn’t Just Cyclical—It’s Well-Earned, and Overdue

The Tech Rout Isn’t Just Cyclical—It’s Well-Earned, and Overdue

By Brad Stone and Lizette Chapman

Bloomberg Opinion

Bloomberg Opinion

Crypto in Retirement Accounts? Are You Kidding?

By The Editors

Crypto in Retirement Accounts? Are You Kidding?

Remarks

Remarks

Deadly Heat in India Is a Warning of Global Catastrophes to Come

By Chris Kay and Pratik Parija

Deadly Heat in India Is a Warning of Global Catastrophes to Come

Business

Business

Freedom to Travel This Summer Will Come at a Hefty Price

By Nikki Ekstein

Freedom to Travel This Summer Will Come at a Hefty Price

Vacationers Head Back to the Skies, and So Do Airfares

By Mary Schlangenstein

Vacationers Head Back to the Skies, and So Do Airfares

Europe’s Summer Travel Revival Could Sputter Due to Worker Shortages

By Christopher Jasper and Siddharth Philip

Europe’s Summer Travel Revival Could Sputter Due to Worker Shortages

Fewer Pilots Will Lead to a Summer of Flight Cancellations

By Mary Schlangenstein

Fewer Pilots Will Lead to a Summer of Flight Cancellations

Vacation Home Renters Won’t Find Bargains This Summer

By Nikki Ekstein

Vacation Home Renters Won’t Find Bargains This Summer

This Summer’s Hotel Rates Will Keep You Up at Night

By Nikki Ekstein

This Summer’s Hotel Rates Will Keep You Up at Night

Snagging a Table at a Hot Restaurant Will Be Even Tougher This Summer

By Kate Krader

Snagging a Table at a Hot Restaurant Will Be Even Tougher This Summer

Dizzying Gas Prices May Stall Your Summer Road Trip

By Chunzi Xu and Julia Fanzeres

Dizzying Gas Prices May Stall Your Summer Road Trip

Cruise Lines Face a Rough Summer, and Covid Isn’t the Only Problem

By Fran Golden

Cruise Lines Face a Rough Summer, and Covid Isn’t the Only Problem

Travel Agents Are the Heroes You’ve Been Looking for This Summer

By Nikki Ekstein

Travel Agents Are the Heroes You’ve Been Looking for This Summer

It’s Going to Be a Great Summer for Car Rental Companies—But Not for You

By David Welch

It’s Going to Be a Great Summer for Car Rental Companies—But Not for You

Technology

Technology

State Laws on Web Censorship Are Forcing a High-Stakes Legal Showdown

By Maxwell Adler

State Laws on Web Censorship Are Forcing a High-Stakes Legal Showdown

The Thrill of Better Office Wi-Fi

By Ashlee Vance

The Thrill of Better Office Wi-Fi

Finance

Finance

Pandemic Housing Boom Hits a Wall With US Buyers Priced Out

By Prashant Gopal

Pandemic Housing Boom Hits a Wall With US Buyers Priced Out

Hot Money Managers Like the ‘Tiger Cubs’ Got Walloped When the Market Mood Changed

By Hema Parmar

Hot Money Managers Like the ‘Tiger Cubs’ Got Walloped When the Market Mood Changed

The SEC’s Power to Police Markets Is Under Attack in Court

By Lydia Beyoud

The SEC’s Power to Police Markets Is Under Attack in Court

Economics

Economics

Oil Windfall Brings Free College and Day Care to One of the Poorest States

By Catarina Saraiva and Olivia Rockeman

Oil Windfall Brings Free College and Day Care to One of the Poorest States

Open With Care: That Next Power Bill Could Shock You

By Will Wade and Naureen Malik

Open With Care: That Next Power Bill Could Shock You

Fragile Job Gains for Black Workers at Stake in Inflation Fight

By Matthew Boesler, Jonnelle Marte and Catarina Saraiva

Inside The MAHLE Behr Charleston Inc. Auto Part Facility Ahead Of PMI Manufacturing Figures

Solutions/Prognosis

Solutions/Prognosis

Psychedelic Businesses Offer Guided Trips to Soothe Your Mind

By Tiffany Kary

Psychedelic Businesses Offer Guided Trips to Soothe Your Mind

A Heart-Failure Drug Tames Palpitations in Long-Covid Patients

By Jason Gale

A Heart-Failure Drug Tames Palpitations in Long-Covid Patients

A Better Way to Fund the Fight Against Superbugs

By James Paton

A Better Way to Fund the Fight Against Superbugs

Features

Features

The Tech Rout Isn’t Just Cyclical—It’s Well-Earned, and Overdue

By Brad Stone and Lizette Chapman

The Tech Rout Isn’t Just Cyclical—It’s Well-Earned, and Overdue

Mark Zuckerberg Is Blowing Up Instagram to Try and Catch TikTok

By Sarah Frier and Brad Stone

Biden Bid to End Border Expulsions Stopped by Federal Judge

Elon Musk’s 420-Degree Edgelord Pivot Is Getting Stale

By Max Chafkin

Elon Musk’s 420-Degree Edgelord Pivot Is Getting Stale

A New Prediction Market Lets Investors Bet Big on Almost Anything

By Liam Vaughan and Benjamin Bain

A New Prediction Market Lets Investors Bet Big on Almost Anything

A Startup Wants to Rescue You From Browser Tab Hell

By Austin Carr

A Startup Wants to Rescue You From Browser Tab Hell

Are We Still Doing Scooters?

By Ira Boudway

Are We Still Doing Scooters?

Gamification Took Over the Gig Economy. Who’s Really Winning?

By Jackie Davalos and Drake Bennett

Gamification Took Over the Gig Economy. Who’s Really Winning?

The Pandora’s Box of Embryo Testing Is Officially Open

By Carey Goldberg

The Pandora’s Box of Embryo Testing Is Officially Open

The Most Important Force in Food Has Nothing to Do With Fake Meat

By Elizabeth Dunn

The Most Important Force in Food Has Nothing to Do With Fake Meat