The Big Tech bubble burst is here

Question

Alphabet, Amazon, Meta and Microsoft have lost a combined total of $350 billion off their market cap this year based on their third quarter earnings reports and it wont get any better. I don't think we really understood or appreciated the impact inflation, the war, COVID, and climate change has had on our bubble until now. Are you guys worried because apparently its not gonna get any better for a year.

ungajack · Accepted Answer

I will add a correction, just because is important in anyone's life, future, etc. It was the COVID response, government who did it and also, their response to a climate change that is NOT a crisis. Sorry to bring a little of politics but unfortunate, is the key cause of so many problems.

swiperight · Answer

Lol no. We are just getting started. It’s Q3 earnings report time and everybody knew this was going to happen.

pu41mkYy7d2 · Answer

Told ya folks... more layoffs announced today, tomorrow, and likely all next week. Shedding headcount right before the holidays has got to be the worst feeling on both sides unless you're a billionaire

vn841BYcqq0 · Answer

You go on any page and all you see are job freezes, cost cutting measures, PIPs masked as "improvements" and layoffs. Just saw a few posts today of some. I'm keeping my resume updated because you never know.

The Big Tech bubble burst is here

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