... combination of factors: high valuations and concentration of risks, slowing growth (in the cloud at Amazon and advertising at Google), declining profitability (Tesla), and overall market risk-off sentiment. Hedge funds have driven net exposure to record lows, effectively expressing distrust in the further explosive growth of tech giants in the short term. This is largely a technical reaction – a desire to lock-in profits after years of rallies – but also a fundamental reassessment of prospects. Nevertheless,...

... raise their business from scratch. Passion . Entrepreneurs love their business and sincerely believe in it. It is this belief that keeps them going through difficult moments. And it is thanks to the love of their product or service that they become such effective sellers. Details . There is a saying that the devil is in the details. This is especially true when founding and developing your own business. The entrepreneur must keep in mind all the most important details. Fate . They themselves want to ...

... legal framework. In 2025, regulators took the next step: the largest trading platform in the country, the Moscow Exchange (MOEX), announced the launch of a new derivative instrument — futures contracts on a fund tracking Ethereum (ETF Trust ETHA) effective August 5. Settlements for these futures will be in rubles, with quotes in dollars per share of the fund. Access to this instrument will be granted only to qualified investors; however, the very fact of such futures being introduced signifies ...

... due to recession fears. Meanwhile, the technology sector continues to receive support: investors are betting that a pause (and potential pivot) in the Fed's policy will enable growth companies to maintain high valuations. Analysts note that the FOMO effect ("fear of missing out") is still palpable in the market: despite the risks of slowdown, many investors are reluctant to exit the stock market after the best start to the year in decades. Next, participants will shift their focus to new ...

... capital. Analysis: The launch of such mega funds indicates China's intent to compensate for the slowdown in private investments with active state intervention. Amid cooling venture financing from abroad and internal restrictions, Chinese authorities are effectively taking on the role of a major investor to maintain leadership in the technology race. These measures will provide financial support to local startups and help develop critically important sectors, although reliance on state capital may result ...