Microsoft’s Growing Bet on Consumer Services Is Risky

Of the many troubles to hit the tech sector over the past year, the identity crises the largest tech giants are dealing with are perhaps the most commonly overlooked.

From Meta to Microsoft, companies seem to be looking beyond their core business. That’s in part because investors are antsy for growth. But a bigger factor is because they have made so much money they need to figure out new things to do with it—and ways to extend their relevance into the coming decades.