What is going wrong at the world’s biggest tech companies?

Most of America’s biggest technology firms are having a bad time - and not just the ones who have been recently acquired by a mercurial billionaire. More than $1trn has been wiped from their market value in recent weeks. Is the sell-off nothing more than investor jitters? Or is it a symptom of something more fundamental about the future of the sector?

On this week’s podcast, hosts Soumaya Keynes, Mike Bird and Alice Fulwood are joined by our technology editor Tom Wainwright and global business correspondent Thomas Lee-Devlin to diagnosefacing the movers , the streamers and the creepers . And we ask what they can learn from China, where tech behemoth Alibaba has seen its share price plunge by 77% from a 2020 peak.

alice_fulwood Birdyword SoumayaKeynes What's going wrong? Nothing. It's just price discovery as the everything bubble begins deflating.

San Fran culture has rotted them from the inside out. That's what is wrong.

Poll: MetaBust?

an individual cannot be a corporate buddy, what

alice_fulwood Birdyword SoumayaKeynes BrazilWasStolen BrazilianSpring

t_wainwright *looks at the economy C’mon. We all know why the entire market is down. We know Biden Admin (including Kamala, Buttigieg, Mayorkas) are trying to tank the nation and unnecessarily ended oil, which is making Russia, China, and Venezuela (communist regimes) rich. Stop playing.

t_wainwright then he is talking trash

They got greedy, simple!

Corporate corruption. Like, look at company's performance. Graphics alone is an insult to the investors.

Owned by to many brainwashed billionaires on the wrong side of history

My favorite podcast

The tech companies are doing extremely well. The stock market needed adjustment to unrealistic growth expectations.

Weirdos in charge and new generation and lack of income...Pull the stats it's all West Coast ELONMUSK BinanceTTC Apple Google GEOGroup

Too much control, too many assumptions.

Brazil - the bolsonaro sect - bad losers

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Tech Stocks Are Falling. That’s A Bad Sign For The EconomyThis week, analysts will turn their attention to a host of smaller tech companies for a deeper reading of the economic forecast. Nah, just for those who are shorting them. Just for rich people. The economy and the stock market are two different things. Most of the US is too poor to own any stocks. If you own some, Congrats, you are not struggling to eat or pay the bills
Source: TIME - 🏆 93. / 53 Read more »