I don't think there are any Briefers who disagree with the statement that Big Tech is and should be considered the enemy of every American. The same Big Tech seems to underplaying that anger because even with a generally Bearish market sentiment, they are hemorrhaging their market capital base. Check out the general performance of the Big Tech 5.
(FB) Meta- $338/sh Janaury 1, today pre-market- $191/sh. 43.5% Loss or $305B lost
(GOOG) Google- $2999/sh November 15, 2020, today pre-market- $2551/sh- 14.9% loss or $251B lost
(AAPKL Apple- $177/sh January 1, 2021, today pre-market- $154/sh- 8.7% loss or $221B lost
(AMZN) Amazon- $3676/sh November 18, 2020- today pre-market- $2806/sh -24.7% loss, or $364B lost
(MFST) Microsoft- $342/sh December 27, 2020, - toda pre-market- $272/sh or - 20.5% loss, or $427B lost
That means the the 5 titans of Big Tech have lost 1.568 TRILLION DOLLARS in the past 3-6 months.
To put this in perspective, just what these 5 companies have lost in these 3-6 months is greater than the GDP of 178 of the 190 countries in the world. Give that a few moments for thought.
And of course, money is power, and I for one am enjoying this crash of this sector. Don't forget.... Your investment dollar has more power than you realize.
