After a sugar high of free money, these billion-dollar technologies need a nap

(Image: WSJ)

Wed, 24 Jan 2024

By Christopher MimsThe past decade was chockablock with ideas that were easy to demo and impossible to transform into a real business.A historic era of low-interest rates is over, and so is the flow of endless free money to prop up such enterprises. As companies are failing, and corporate sponsors scale back investment, it’s now apparent just which technologies these are: the metaverse, blockchain and autonomous vehicles.The fact that these technologies aren’t living up to their hype doesn’t mean they&...

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