Friday, 20 March 2020
The coronavirus (COVID-19) pandemic has rocked world markets over the past month, sending share prices downward with ferocity not seen since the 2008 financial crisis. As world economies shrink, so have the market caps of tech giants that led the US through its 11-year bull market. Facebook, Apple, Amazon, Alphabet, and Microsoft have together lost $1.3 trillion in value since markets peaked on February 19, CNBC reports. While grim, it’s likely major tech firms make it through the other side. It’s especially true for the newly emerged “stay-at-home” stocks — companies that fit into our new way of living, where social distancing and working…
This story continues at The Next Web
Or just read more coverage about: Amazon,Facebook,Netflix
