Global Technology Market Cools, Twitter Backlash Hits Tesla

Billionaire tycoon Elon Musk faces mounting losses across his business empire. Meanwhile, Mexico’s technology market shows signs of cooling as job creation loses momentum. Industry leaders explore the potential impact of technology trends in 2023, resolving cobbled point solutions and increasingly aggressive cybersecurity attacks. 

This week in Tech news and developments: 

Mexico 

Beat Says Goodbye to Mexico, Latin America

The ride-hailing application Beat surprised its users on Tuesday, informing that the company will no longer operate in Mexico and the rest of Latin America from Nov. 9, 2022 at midnight. Beat’s exit will leave the path clear for Uber and Didi, which will continue to battle in the cut-throat Mexican ride-hailing market. 

Technology Market Shows Signs of Cooling

Mexico’s technology market shows signs of cooling ahead of a forecasted economic recession, with job creation continuously decelerating, dropping 17.98 percent since July 2022, according to GlobalData Analytics database. This adjustment in market behavior comes despite anticipation that investments in technology will carry into 2023.

Industry 

The Seven Main Tech Trends for 2023

There are many doubts and mixed opinions regarding the consequences of the misuse of technology and innovation, but if we focus only on the positive, we can greatly benefit from technology, says MBN expert contributor, Mario Nissan of LIP Ventures Boutique. Understanding these trends will help organizations anticipate the impact of emerging technologies that can serve to differentiate themselves in 2023 and beyond. 

What Is the Disconnection Crisis and What Can Be Done About It?

Accelerated digital solutions sought to bring customers, teams and systems closer, but paradoxically generated a crisis of disconnection for businesses, observes MBN expert contributor, Shelly Pursell of Hubspot. In so, addressing cobbled point solutions emerges as a priority for business as they refine their digital transformation strategies. 

The Global Cyberattack Pandemic Is Underway and Gaining Steam

There are no boundaries, organization or person invulnerable when it comes to cyberattacks. We are all under threat and it is only going to get worse at an industrial and nuclear level, says MBN expert contributor, John Clayton of Arista Technologies. To curb mounting costs from breaches, governments need to make a more concerted effort to increase resiliency. 

International 

Twitter Turmoil: Testing Investor Patience

Compounding controversial headlines and backtracking have put Twitter and Tesla’s futures in jeopardy, as users turn to Mastodon as a social platform alternative and investors dump Tesla stock, according to CNN Business and Bloomberg.  As both companies struggle ahead of a forecasted economic recession, how long will it be before investor patience runs out?