Amazon has made history as the first public company ever to lose $1 trillion in market value, as the tech selloff worsens

[Heretic]

Apple is worth more

I could be wrong but I think Google and Microsoft are too.

 

[Reality]

Has there ever been a company worth as much as Amazon in the first place?​

Apple is worth more

Not sure if still the case, but a week or 2 ago, Apple was worth more than Amazon, Google, and Meta/Facebook COMBINED.

 

[itsyoung!!]

Ayo Amazon, Meta, Twitter, having big money issues as of late on some synchronized sht. Wtf is really going awn

they arent immune to the core issue with even regular folks like us. The cost of everything is too high. The land they bought, the buildings they built cost double or triple than what it would of cost a decade ago(hundreds of millions). The staff they needed to hire to keep up with their growth (even if some of the jobs were complete useless lets be honest but hindsight is 20/20) with the salaries in California, New York, Seattle, etc were also near double than just a decade ago (60-80k to 120-200k etc) to either be competitive against other companies that want the talent or because the staff members need that much to live in these expensive places in the first place.

I dont know how we fix this. The cost of everything is too high. From cable, to cell phone bills, to food, to rent to everything.

 

[the cac mamba]

Now is the time to buy stocks.

facts

not the bullshyt ass stocks like facebook and twitter, but amazon, apple, google and microsoft arent going anywhere. you cant lose on those 4

 

[Tallac]

You're getting left behind, breh.

Left behind by who? Remote work is there to stay for several people. The company I worked got rid of all its buildings. We are not going back.

 

[DonB90]

We are not going back, breh

 

[Wiseborn]

Now is the time to buy stocks.

I'm literally thinking of copping more Amazon stock. That being said they need to find a way to get into the Latin America and African markets

 

[Reality]

facts

not the bullshyt ass stocks like facebook and twitter, but amazon, apple, google and microsoft arent going anywhere. you cant lose on those 4

In terms of safety, Apple and Microsoft are Tier 1 (maybe Tier 1A & Tier 1B), Google Tier 2, Amazon Tier 3.

Look at net incomes for each. Amazon is barely profitable & competes with Microsoft & Google in its profitable growth engine (AWS) where it has massive market share (which also means opportunity to lose growth by losing share).

 

[JetFueledThoughts]

Work from home brehs better start ironing their slacks its back to the office

You're getting left behind, breh.

 

[Dafunkdoc_Unlimited]

they arent immune to the core issue with even regular folks like us. The cost of everything is too high. The land they bought, the buildings they built cost double or triple than what it would of cost a decade ago(hundreds of millions). The staff they needed to hire to keep up with their growth (even if some of the jobs were complete useless lets be honest but hindsight is 20/20) with the salaries in California, New York, Seattle, etc were also near double than just a decade ago (60-80k to 120-200k etc) to either be competitive against other companies that want the talent or because the staff members need that much to live in these expensive places in the first place.

I dont know how we fix this. The cost of everything is too high. From cable, to cell phone bills, to food, to rent to everything.

Forgive my ignorance of the whole economic mess we're in, but couldn't a lot of these issues be resolved by increasing manufacturing capability within the US rather than outsourcing it as much as we do now?​

 

[Silver Surfer]

2023 yall going back into the office

 

[Gloxina]

Now is the time to buy stocks.

I was about to say.

If you purchase enough when the market hits rock bottom you might actually make some serious money.

 

[DEANBIGBROTHERALLMIGHTY18]

Interest rates are up & the economic outlook has worsened. The way companies are valued, their valuations come down mathematically when interest rates go up.

A very simple example...if a company brings in $1B of cash a year each and every year, and is expected to continue doing so, after all their activity (operations, financing), and the interest rate is 1%, that company is worth $100B . If the interest rate goes up to 4%, that company is worth only $25B just off interest rates alone. In a simple situation where future cash flows are all expected to be the same, the math is just:

Company value = Cash the company pulls in after doing business / interest rate

Then, layer on the fact that that same company may only bring in $750M a year because the economy is bad, and it's a double whammy.

Another thing is that...not everyone buys companies based on valuation. If a bank is offering a 1% interest rate, and Meta & Amazon, etc. have been growing their stock price by 6, 10, 15% a year...why would you put your money in the bank if you think this will continue? You might just look at that growth and assume it's going to go on forever, invest in the stock, and this drives the stock higher itself.

Then...if interest rates go up to 4%, and now these companies economic outlooks are looking shaky, you pull your money and put it in the bank (or US treasuries) and just chill. The stock of the companies then craters.

Nice. What is your background.

 

[Ghost Utmost]

Market correcting itself

These valuations are fantasy. Cause they can crash in a heartbeat

 

[Umoja]

Forgive my ignorance of the whole economic mess we're in, but couldn't a lot of these issues be resolved by increasing manufacturing capability within the US rather than outsourcing it as much as we do now?​

The start up cost for factories is high and labour would cost more in America, so no.