omdok
No Result
View All Result
Wednesday, June 29, 2022
  • Login
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Tech
  • Real Estate
Subscribe
omdok
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Tech
  • Real Estate
No Result
View All Result
omdok
No Result
View All Result
Home Tech

Wall Street is giving Big Tech a beating:Facebook, Apple, Amazon, Microsoft and Google

May 21, 2022
in Tech
147 9
Tim Cook, Apple's CEO, has always believed that even when the economy is bad, Apple should keep investing in the future.

Tim Cook, Apple's CEO, has always believed that even when the economy is bad, Apple should keep investing in the future.

31
SHARES
3.1k
VIEWS
Share on FacebookShare on Twitter

Facebook, Apple, Amazon, Microsoft, and Google are set up to come out of a recession stronger and more powerful because they have a lot of cash. As usual.

So far this year, Apple, Amazon, Microsoft, and the companies that own Facebook and Google have lost a total of $2.7 trillion in value. This is about the same as Britain’s GDP for the year.

So, what have the companies done to stop Wall Street from getting beaten up? Microsoft has doubled the bonus pool for its employees, Google has promised to hire more engineers, and Apple has given $200,000 bonuses to its best hardware workers.

The contrast between the stock market’s relative panic and the tech giants’ business-as-usual attitude points to a time when analysts, investors, and economists think the world’s biggest companies will get even bigger in their own markets.

People are optimistic about their futures because they know that the companies run some of the most profitable businesses in the world, like social media, premium smartphones, e-commerce, cloud computing, and search. Because they are so strong in these areas and have a foothold in other businesses, inflation should hurt them less, even though it is hurting big companies like Walmart and Target and the stock market is getting close to bear market territory.

On Friday, the S&P 500 spent most of the day below the threshold for what is considered a bear market, which is usually 20 percent below its last peak. Later in the afternoon, it started to rise again. The index lost 3 percent over the course of the week, making it the seventh week in a row that it fell. It hasn’t lost that many games in a row since 2001.

In the coming months, Microsoft, Google, Apple, and Amazon are likely to hire more people, buy more businesses, and come out on the other side of a bearish economy stronger and more powerful, even if they lose some of their total valuation and their steady growth over the last few years.

As people go back to work and travel, they buy less from Amazon. This gives the company more space and employees than it needs.
As people go back to work and travel, they buy less from Amazon. This gives the company more space and employees than it needs.

Richard Kramer, who started the London-based consulting firm Arete Research, said, “Big tech can say, ‘Forget the economy.'” He said, “They can invest through the cycle” because they have a lot of money.

The plans of the big companies are very different from the wave of spending cuts that is hitting the rest of the tech sector. Share prices at companies that aren’t making money have dropped by a lot, like Uber, which is down 45 percent and Peloton, which is down 58 percent. This has led the CEOs of these companies to cut jobs or think about laying people off. As venture capital funding slows down, start-ups are getting rid of some of their employees.

Toni Sacconaghi, a tech analyst at the research firm Bernstein, said that the falling prices of these companies will create opportunities to buy. He said that it might be hard to make big deals because the Federal Trade Commission is looking into Facebook, Apple, Amazon, Microsoft, and Google’s plans to take over other companies. However, smaller deals for new technology or engineers might be common.

A financial data company called Refinitiv says that from 2008 to 2010, Facebook, Amazon, Google, Apple, and Microsoft bought more than 100 companies. This was during the Great Recession. Some of these deals are still important to their businesses today, like Apple’s purchase of the chip company P.A. Semi, which helped the company develop its new laptop processors, and Google’s purchase of AdMob, which helped the company start a mobile advertising business.

Page 1 of 2
12Next
Tags: Market Stories

Market News

After a video of a Melbourne store shelf with nothing but broccoli stalks went viral, a supermarket in Australia has started to crack down on "vegetable thieves."
Business

Broccoli theft, melbourne woman Jenn Shaw filmed inside a Coles

by adminmi
June 29, 2022
0

After a viral video of broccoli being "stolen," a grocery store starts to take action. After a video of a...

Read more
Daniel H. Weiss, the president and CEO of the Metropolitan Museum of Art, will be there in August 2020 when the museum reopens after a pandemic shutdown.

Daniel H. Weiss would step down as MET president and chief executive in June 2023

June 29, 2022
Income tax 551 rates 2022/23, does taxable income include super

Income tax 551 rates 2022/23, does taxable income include super

June 27, 2022
Hackers who want to take advantage of flaws in the world of decentralized finance are now focusing on so-called blockchain bridges.

Hackers stolen $100 million in cryptocurrency from Horizon blockchain bridge

June 25, 2022
Bad weather is making it hard to get things.

Why is lettuce and snow pea vegetable so expensive in Woolworths Australia

June 24, 2022
Real Estate

Statement builders pty ltd and affordable modular homes central coast

June 29, 2022

Categories

  • Business
  • Cryptocurrency
  • Economy
  • Gadget
  • Markets
  • Politics
  • Real Estate
  • Startup
  • Tech
  • Uncategorized
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links
omdok

About the latest trends in the business world in-depth features on a variety of topics. Focus on the intersection between business and pop culture and between business and politics.

omdok.com © 2021 all rights reserved

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
  • World
  • Economy
  • Business
  • Markets
  • Tech
  • Real Estate

omdok.com © 2021 all rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version