Layoffs have taken the tech industry by storm, with companies including Meta, Snap, Amazon, Twitter, and Netflix laying off workers. Big tech firms have also faced headwinds on the advertising front, attributing that to economic challenges and advertisers being cautious on spending. According to Tin Pei Ling (pictured), CEO of Business China and member of parliament in Singapore, the poor performance in the tech industry can be attributed to a few reasons. Firstly, Tin said there is "misplaced faith in network effects", which essentially means growth at all costs with diminishing returns to scale. At the same time, there are...