2022 may have delivered unprecedented challenges – even for the most battle-scarred of investors – but it’s important to put this year’s Tech meltdown into longer term context. While the circumstances might be extraordinary, some of the outcomes are remarkably familiar.

Enjoy, from all of us at North Ridge Partners.

Original Thinking From North Ridge Partners

• Click here to read our take on the veritable bevy of black swans that graced us with their unwelcome presence in 2022.

• Click here to read our deep dive into the data, placing Tech’s performance this year into long term context.

• Pete Hynd and Roger Sharp discuss their take on 2022 in this month’s minicast.

• Click here for our year end music playlist – don’t look back in anger!

Tech & Markets

• IPO trouble in the Big Apple - NYSE IPO proceeds fell 93% this year.

• India isn’t immune, with Tech start-ups chasing M&A instead of IPOs.

• Vale the SPAC? If ever there was a child of the bull market, this was it.

• More takeover fever is coming: Thoma Bravo completes US23bn fund raise.

• Auditors give the bird to Bird, as troubled mobility firm restates its accounts.

Big Tech

• Just in time, or way too late? CHIPS Act lures semiconductor giant TSMC to the USA, while the company builds its first plant in Japan.

• The economic canary in the coal mine? Nvidia’s revenues fall by 17%.

• Game of CHESS: Microsoft buys 4% of LSE as ASX ditches $250m tech project

• Kiwis and Canadians follow Australia, forcing digital giants to pay for news content. 

• Microsoft is apparently working on its own super app.

On A Planet Of His Own

• How Musk is remaking Twitter (oh yeah and Trump is allowed back!).

• The sky is the limit: SpaceX to triple in size.

• Tesla slumps leaving analyst targets looking … er …hopeful.

• Neuralink could start human trials in 2023.

Asia Tech News

• Tencent Q3 results: revenue down 2% on PCP to $19bn.

• Jakarta to use AI to manage traffic, saving billions of dollars per year.

• Alibaba shares tank 11% as earnings and guidance are slashed

• Meanwhile, JD.com beats the street with an 11% increase in Q3 earnings.

• SoftBank shares tumble 13% after Vision Fund reports another big loss.

More On The Tech Meltdown

• Where are my freebies? Big Tech giveth, and Big Tech taketh away .

• Check out this visual tracker for tech layoffs.

• The crypto boom may be over, but insolvency practitioners are on a roll.

• You tell ’Em, Jamie Dimon: crypto is a sideshow and tokens are akin to pet rocks.

Stuff We Found Interesting

• Growth equity is down but it is definitely not out.

• According to the FBI, China could use your dodgy TikTok dance moves against you.

• SBF, the disgraced boy king of crypto, explained - why FTX failed.

North Ridge Partners: technology investment banking across the Asia Pacific

North Ridge Partners works with technology companies across the Asia Pacific to achieve transformational outcomes through providing strategic financial advice, advising on M&A transactions and raising capital services. We’re experienced deal makers who have built, run, and sold numerous technology companies.

Contact us here.

© North Ridge Partners 2021