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All In One Tech News Channel
All In One Tech News Channel
The world economy has fallen on hard times. In the coming months, the phrase “macroeconomic risk factors” will be increasingly heard in the financial statements of various companies. The losses of the world’s largest technology companies are no longer measured in billions, but in trillions of dollars.
Amazon is the first company in history to lose more than $1 trillion in market value. Over the past year, Microsoft has lost more than $900 million. Tencent, Meta* (former Facebook) and Google have a similar situation. The losses are so great that they exceed the GDP of some countries.
Recall that just a few years ago, the largest technology companies, one after another, entered the club of trillionaires. Now they are preparing to leave it as the market value of companies falls to $1 trillion and below.
Microsoft, Apple, Google, and Amazon collectively account for 20% of the total value of all the leading S&P 500 companies, so their stock prices are a clear reflection of the current state of the economy.