Tootfinder

One obvious reason this could be the case, despite the stimulus impact of the war, is that a lot of dotcoms / tech companies are highly sensitive to the stock market, VC funding, etc.
IOW, revenue from the stock market & VC funding suddenly disappeared, leaving them at the mercy of high rate loans, due to the historically high Russian central bank key rate.
And so, huge swathes of high tech are at risk of debt spirals and ever-increasing rates on loans.

This situation actually reminds me a bit of the dotcom bubble collapse in the late '90s / early '00s, with slight differences.
Declining stocks & VC led to a bunch of startups initially being unable to obtain additional funding. To make matters worse, ad demand started falling, leading to lower revenues for ad-based internet services.
In this case, a decline of ad demand is trailing dotcom revenue shortages. I suspect currency & stock weakness & a slowing econ…