, shed a combined $177 billion in market capitalization in just two days as coronavirus fears slammed global markets.
Each of the technology giants pared losses on Monday and Tuesday when global stocks fell for two days in a row. On Tuesday, Alphabet shed the most in market capitalization, losing roughly $24 billion in value on a 2.5% fall. Netflix was the smallest loser, erasing about $4 billion after falling 2.4%.
TomShadilay Facebook, Netflix, and Google should be more valuable, since everyone stuck in lockdown will only be able to share cat pictures and watch movies and youtube. amazon has a supply chain that can’t be sustained, so that makes sense.
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