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Apple, Alphabet, Amazon, Tesla, Microsoft and Meta Lost $260Bn in 24 Hours

Apple, Alphabet, Amazon, Tesla, Microsoft and Meta Lost $260Bn in 24 Hours

Red, red, red: this was the color that prevailed on the stock display screens of Mega Tech on Wall Street on September 29th. 

Everywhere investors looked, everything was ugly because worries about the various challenges facing technology companies are only increasing. 

Investors are convinced that the economic slowdown and a probable recession will have a particularly negative impact on Big Tech’s revenues. Consumers should reduce their expenses and sacrifice purchases deemed unnecessary such as renewing a new phone or buying the latest technological gadget. 

Written by biedex markets