any more—nearly two-thirds of its value was wiped out, leaving its market capitalisation at just over $300bn.
The next change is competition. For years tech was synonymous with concentrated markets: Google monopolising search, Facebook dominating social media, and so on. These days competition is fierce. Part of the reason for Meta’s pain was that new rivals, particularly TikTok, caused the first-ever drop in user numbers at Facebook, its flagship social network. Tech firms are also trespassing more on each other’s turf.
Semiconductors have been another sore spot in the tech world. Over the past two years the supply of chips has built up as manufacturers have added capacity. But just as chip production bloomed, demand withered, thanks to falling sales ofs and smartphones. Further pain was caused by the collapse of the cryptoverse, which meant miners of digital currencies no longer needed the advanced processors built by Nvidia and, two big chipmakers.
Entry-level employees making six figures salaries.
to learn that original Bitcoin is a massively scaling big data management and valuation platform with real world utility...and then you can see that nearly all of crypto is nothing but a scam.
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“the S&P 500 has fallen by a fifth since January… the NASDAQ composite, a tech-heavy index, lost a third of its value… Meta, barely even counts as part of ‘big’ tech any more — nearly two-thirds of its value was wiped out, leaving its market capitalisation at just over $300B”
The key take is 'dizzying' 😵 😂. Electrifying ⚡👍. I can say this is one true news report, compared to a couple many you let out though. 😂
Мета е измислена творба на един човек, забравил откъде е дошъл и откъде е тръгнал. Унищожи нещо , което даваше надежда са реално общуване и го подмени с бизнеса
harryjohn369836 My first experience happens to be a total failure but i never gave up cause I knew it was going to work out for me by trying continuously, fortunately I'm smiling today by getting involved with you harryjohn369836
That's what $META gets for spreading misinformation!
Hey SenWarren SenSherrodBrown everyday investors lost $3 Trillion (!!!) investing in these risky assets. What are you going to do to prevent this? Time to banstocks
It's almost like economic valuation is completely arbitrary for corporations that produce zero tangible things.
During this time in Europe ThierryBreton and vonderleyen create always more hurdles, regulations and norms to the US GAFAM instead of finding the way to make the emergence ours possible …
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