“Facebook’s Monopoly Is Imploding Before Our Eyes”
October 31, 2022
“For years, the definition of success for many tech employees has been getting a job at a FAANG company (Facebook, Amazon, Apple, Netflix, Google). Amazon, Apple, Microsoft, Facebook, and Google, meanwhile, are often the five major companies people think of when they think of “big tech.” …
In a little over one year, the company has shed nearly $800 billion of its market capitalization, with the lion’s share of that coming these past eight months. To be clear, the company is one of the biggest tech firms in existence, with billions of people regularly using its products and a still growing user base, and yet, by the definition of one proposed antitrust bill, has sat below the market capitalization of what counts as “Big Tech” for months…”
https://www.vice.com/en/article/epzkne/facebooks-monopoly-is-imploding-before-our-eyes
At this point and time big tech is not a good investment. People who have been reading my content already knew this because I told them. Guess what? I told everyone over a year ago as well. Just to prove what I’m saying.
“Dow sheds 400 points as investors ditch technology stocks, Nasdaq drops 2%”
That’s not the only time I mention stocks like Facebook going on the decline. It’s just the first one I found that’s over a year old.