Hello friends today we will talking about lose $260Billion in 24 Hours . Recent sources claim that Apple, Alphabet, Tesla, Microsoft, and Meta each lose $260 billion in a single day. According to reports, the recession and slowdown in the economy are to blame. To learn the entire tale, read the article in its entirety.
About the loss
According to a number of publications, investors throughout the globe are concerned about how the recession and downturn in the economy would affect their ability to make a profit. These two elements will undoubtedly have a detrimental impact on company earnings and make it challenging for them to operate as they formerly did. The Bank of America experts predicted that Apple demand will decline the next year. Already, it is declining. According to analysts, the market for their products will begin to decline after the desire for their services. When the money is turned into dollars, Apple will experience a decline in income due to the strengthening of the currency.
Drop in stocks and shares
The stocks and shares of all the major technology companies are declining. As an illustration, the market value of Microsoft decreased by $26.7 billion as shares fell by 1.48%. The same is true for Amazon; its market value decreased by $32.7 as a result of a dip in the firm of 2.72%. This problem is being experienced by all the major internet companies, and it is having an impact on the Nasdaq 100, the financial index that they all dominate.
The reports indicate a 31% decrease. When compared to Apple, Mark Zuckerberg’s Meta is no longer in the top ten businesses. All of this is a result of growing inflation, which is now at its greatest level. Simply put, inflation is an increase in the cost of commodities.
About these companies
All of these businesses are incredibly well-known and have made a name for themselves globally. Tim Cook is currently in charge of Apple. It is flourishing, and customers are raving about its goods. Sundar Pichai is the CEO of Alphabet, which is the parent company of Google. It is the most widely used search engine worldwide. Amazon is an online retailer that Jeff Bezos started.
The world’s richest man, Elon Musk, founded and is the CEO of Tesla, an automobile that epitomises luxury. Microsoft, led by Satya Nadella, has established a solid reputation for itself. Facebook’s parent business is called Meta. In addition to WhatsApp and Instagram, it is led by Mark Zuckerberg.