Loading ...AMAZON DOWN 20% AFTER HOURS
WOW…THESE BIG TECH GIANTS WERE COLLECTIVELY THE MOST POWERFUL COMPANIES IN WORLD HISTORY WITH A COMBINED MARKET CAP GREATER THAN THE GDP OF MOST COUNTRIES
NOW THEY HAVE FALLEN LIKE 80% AND STILL FALLING
HOW IS IT POSSIBLE THAT NO HEDGE FUNDS OR PENSION FUNDS HAVE BLOWN UP AS FAR AS WE KNOW ???
https://www.cnbc.com/2022/10/27/amazon-amzn-earnings-q3-2022.html
Good point but remember that investors go mad in crowds and only retain their senses individually. I am amazed that Cathy Woods’ ARKK was still pulling in investor funds despite giving back all the gains from 2020-2021. It now trades back at the March 2020 lows. Most of the previous FAANG investors are concentrated in less and less holdings. When Apple finally gives up the ghost there won’t be any place left for them to hide.