Big Tech Implosion?

Submitted by ub on

What's going down with the one time rapid rise of Big Tech? I have given up on FaceBook, Instagram and soon to drop Twitter.

While some are bailing out, others across the digital divide are reporting shrinking follower counts - marketing groups that don't listen to anything but value are rushing to the exits.

Most of America’s biggest technology firms are having a tough time and not just the small one recently acquired by a mercurial billionaire.

The Tech Giants are dominant companies in the #USA information technology industry. They presently consists of Alphabet, Amazon, Apple, Meta and Microsoft.

More than $1 Trillion  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?

Elizabeth Warren wants to keep Big Tech from taking over your car. The senator is asking the FTC and the DOJ to watch out for Amazon’s, Apple’s, and Google’s moves into your dashboard. https://www.vox.com/recode/23434586/elizabeth-warren-apple-google-amazo…

Big Tech’s Capex arms race. Companies are not going to let up spending despite weakening economy https://www.ft.com/content/9782f841-ccc0-4b16-8127-b52fabf07e51

Stock indices ‘are changing’ as Big Tech gets hammered: Strategist  https://finance.yahoo.com/video/stock-indices-changing-big-tech-1307282…

What is going wrong at the world’s biggest tech companies? https://www.economist.com/podcasts/2022/11/02/what-is-going-wrong-at-th…

With Twitter in chaos, Mastodon is on fire

https://www.cnn.com/2022/11/05/tech/mastodon/index.html?utm_term=link&u…

Topic