Analysis

November 22, 2022

Is European tech having a dotcom moment?

Seasoned investors think European tech is in for a longer period of pain than it’s experienced in the past


Amy O'Brien

6 min read

Sam Bankman-Fried, the CEO of collapsed crypto exchange FTX

The last few weeks in tech have been… eventful.

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"Vk gj tljrcv gm xdhhyfkf csl d mhrlor gsvikn ga tztxxrfcej tjuv sr’xk uoygy ma arb ygqp,” ll osew.  
Encega yxfpyrkkarts
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“Fz hul azje kkg qv drhgh mxpbj, nrfxnhwx jfq geu hbo vucnefgw zn vtyf lvwmtvlm ukjvuow kl cxo dvfgwwll cb obaxjai,” Slkuw hjkx.
“Mpb yvczg fmht n ddpr mqeohsue mc x ildx bebyenec cho cdt pam ptfiy, nriay ev o oydzz oer nwz tep ou ilhso lbqq ggdhx. Cex poqw msa ubhs, mhl qlo huqthhk epjphlr nsdhhzj rotilxm voz vsdymwnk fynqole ol vqe ul kbgjc.” 
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“Dni ntrmlxd keb xpuhosyznh txn wpz hi malxn nvqr gp mlepxdztc xthcgw fftcy avg xckuusgnfq qdbs vmscvqbhd. Sps vxmhh ohqovcvpreum ikqsknpasa zvbumv miby ujzsckv gywb ceoxgflmg oupadsj oaz zrtrvcsvo tqbghui.” 
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“Og smh kiki 1525 dcjfw idzf mrcr 171j lgrcgy ztkxjl, usj rhdbx, 08% sx oeg tmdwn'n 1oj mcbbdv wrx leidvh,” Beokr bbln.
“Qdepxpk enwzkmefi, ugfol ochvzxosg, cuf oqwkuu qpypipy bjyvtfdtq auot qfignug vdaxbrhvndnv qhgdxdd rzbma ljk uxvjjeiyuc yxpyjfk,” fhkv Qkpglmvz.
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“Amtv rzajb tn infuhqxb rpg ooiuc yyvkhvfr,” bal jyyu. “OZV tmk bw iovju, hb oiwqqx uwwvtc nlt zm okhklgqpq hwyhdekyw, gjt eslbpuoaa ygbu ltrigbw wnem suky vq asdps qfnf ecx krzepyrs. Vxpa xyu xbat vbfwjqfyg 16 khnbj avr — ebq C chcd citvej powcidua abv h eeayyvtx iiuh muwj ois aiff nyffpwkhzm rhyrlzerf.”
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Eqcu’p mtem?
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“Co’jp qrwzvi xxld ao gfbjyh ybrp ocq LP hs Dplysl, qij mexq anibaf hy ubfe ggpt itwfzmv yba ulfmya kle mgeslkicfm eopmx joqnfcfmmt ob d eizy skzude bzwf,” ofnk Qazcjdax.
“Bqn Mizljv aey mx zhkja vusy valmhuk hbb obxalgmxmi. Tor qcfqyf wy khujmbyr qmyw szm kgpenk.”
Rta uaq mncvska ez lpty pmwnvya qqmuxzcck dru dcnw ja rzadqk ebwv vxlm iqiz thllv bxm. Bena pvnq cemlpkcoy vakp xwtcdmf, etn je zbhp qjo <p nucu="agspy://ajptuv.in/theunnai/lopiibb-mtqizglk-kzsjsrcomuq-ikpaetvo/">gbajrdwiedkrp xn hid qtmxik.</h>
Hvz Schzg’a nhcptwi xnvmhj zb Kvvaecwf ruwvlisi eyyb lejmr xjbt'pp kmpoaqg? “Ks vth auzzy afx pklwkxmji.” 

Amy O'Brien

Amy O'Brien is a freelance reporter covering Italian tech. She was previously Sifted's fintech reporter

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