In Silicon Valley, a boom era looks like it’s coming to an end

If it wasn’t clear from the increasingly low 2022 financial results for most tech companies, last week’s shocking collapse of Silicon Valley’s go-to bank marked the bitter end of last decade’s big tech boom.

Last Friday’s near Lehman-like collapse of a Silicon Valley bank was a major blow to the startup and venture-capital ecosystem from which new ideas and companies come. And earlier this week, Meta Platforms Inc. META and Apple Inc.