![](https://i.imgur.com/CLvY2jA.png")
26-11-2022, 08:38 AM
PUBLISHED FRI, NOV 25 20229:00 AM ESTUPDATED 2 HOURS AGO
Rohan Goswami
......
At this time in 2021, the Nasdaq Composite had just peaked, doubling since the early days of the pandemic.
......
Hiring was booming and tech employees were frolicking in the high value of their stock options.
Twelve months later, the landscape is markedly different.
Not one of the 15 most valuable U.S. tech companies has generated positive returns in 2021. Microsoft has shed roughly US$700 billion in market cap. Meta’s market cap has contracted by over 70% from its highs, wiping out over US$600 billion in value this year.
In total, investors have lost roughly US$7.4 trillion, based on the 12-month drop in the Nasdaq.
Much much more at: https://www.cnbc.com/2022/11/25/techs-re...-year.html
Rohan Goswami
......
At this time in 2021, the Nasdaq Composite had just peaked, doubling since the early days of the pandemic.
......
Hiring was booming and tech employees were frolicking in the high value of their stock options.
Twelve months later, the landscape is markedly different.
Not one of the 15 most valuable U.S. tech companies has generated positive returns in 2021. Microsoft has shed roughly US$700 billion in market cap. Meta’s market cap has contracted by over 70% from its highs, wiping out over US$600 billion in value this year.
In total, investors have lost roughly US$7.4 trillion, based on the 12-month drop in the Nasdaq.
Much much more at: https://www.cnbc.com/2022/11/25/techs-re...-year.html
