The rise of tech apps and wobbly share prices

Elon Musk, whose X platform has 650 million active monthly users. (Image: Getty)

Sat, 01 Feb 2025

Five years ago on Thursday, the World Health Organization declared a ‘public health emergency of international concern’: covid-19.We all have our personal stories: some good, some bad, some sad, and some just absolutely mad. I was in San Francisco at the Morgan Stanley Tech Conference at the time. We were all bumping elbows, tapping shoes – remember that weird soccer thingy?I recall sitting in a presentation of a company that had recently undertaken an initial public offering, saying to myself that the stock was expensive...

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