Google and other FAANG stocks saw $58 billion wiped from their market caps after Trump slammed the 'immense power' of big tech

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And the stocks are set to drop even more when the market opens on Wednesday. Trump called out big tech companies in a speech to the UN on Tuesday.

Trump's speech to the UN on Tuesday cost the world's biggest tech companies billions in value. The FAANGs lost a combined $58 billion in market cap. In his address, which also mentioned China trade tensions, Trump said that social media platforms are acquiring"immense power," adding that a free society"cannot allow social media giants to silence the voices of the people." Netflix was the biggest loser, dropping 4.4%, as the tech-heavy Nasdaq index fell 1.4%.

Trump's speech to the UN on Tuesday cost the world's biggest tech companies billions in value. The FAANGs lost a combined $58 billion in market cap. In his address, which also mentioned China trade tensions, Trump said that social media platforms are acquiring"immense power," adding that a free society"cannot allow social media giants to silence the voices of the people." Netflix was the biggest loser, dropping 4.4%, as the tech-heavy Nasdaq index fell 1.4%.

 

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Just ask Joe Bidens son to help them he got billions from Urkraine from daddy strong arming urkraine to fire people there lol Joe Biden is in HOT WATER imo Son also took billions and Joe millions WOW!!

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