In 2021, tech companies were living the high life and busy with hiring and expansion binges. Helped by low interest rates, the tech sector reported record profits. Even small companies and startups got in on the fun as 2021 was a record year for IPOs, with over 900 companies raising almost $300 billion through public offerings by November.
“In 2021, it was the best year tech ever had. It was incredible. It was the best buying environment,” Marc Benioff, CEO of software giant Salesforce, said in an interview last week with tech journalist Kara Swisher that aired Monday for New York magazine’s On With Kara Swisher podcast on Monday.
