Billionaire George Soros Makes a Huge Bet on Alphabet

Concerns surrounding the growth of big tech do not apply to George Soros.

The Federal Reserve’s decision to aggressively raise interest rates to fight inflation, which is at a 40-year high, threatens to push the economy into a recession, many analysts say. 

This inflation, which is particularly impacting consumers, is a huge problem for the technology sector, because tech products and services are the first to suffer from spending cuts. Consumers tend to limit their discretionary purchases, while companies delay their investments in new hardware, for example.