PoopingIsAWorkout4Me
PoopingIsAWorkout4Me t1_ixhgl1a wrote
Reply to comment by Less-Dragonfruit-294 in 2021 vs 2022 Market cap change in the Tech Industry (Top 10 tech stocks by market cap as of 21 Nov 2022) [OC] by Savoy_Cabbage
We will be, but it’s gonna take a looonnngg time
PoopingIsAWorkout4Me t1_ixg4nnf wrote
Reply to comment by Deja-Vuz in 2021 vs 2022 Market cap change in the Tech Industry (Top 10 tech stocks by market cap as of 21 Nov 2022) [OC] by Savoy_Cabbage
That’s how it works. Microsoft and Amazon were once the little guys too. Then they got big because they adapted.
PoopingIsAWorkout4Me t1_ixg4ikb wrote
Reply to comment by f1sh-- in 2021 vs 2022 Market cap change in the Tech Industry (Top 10 tech stocks by market cap as of 21 Nov 2022) [OC] by Savoy_Cabbage
It might be defined that way, but I disagree wholeheartedly. They’re not an auto manufacturer, they’re a tech company. Anyone can make an electric car, it’s how it’s presented and how the person engages with it.
Also, they’re literally in the Nasdaq 100, weighted between Alphabet and Nvidia, so while not technically a tech company, they are.
PoopingIsAWorkout4Me t1_ixg441b wrote
Reply to comment by Less-Dragonfruit-294 in 2021 vs 2022 Market cap change in the Tech Industry (Top 10 tech stocks by market cap as of 21 Nov 2022) [OC] by Savoy_Cabbage
Still baffles me that people don’t understand the macroeconomics behind this, and they think “ugh, market is broken!”
It took the Nasdaq ~16 years to recover to levels seen in 2000 before the dot com bust. This time, we’ll see, but boy if people think that after this reversal of record cash infusion, fed buying and interest rate increases that the market will recover in a year or two, they’ve got something else coming to them.
Imo, look at the 1960s. That’s what we’re gonna do for the next decade.
PoopingIsAWorkout4Me t1_ixhgqrd wrote
Reply to comment by Deja-Vuz in 2021 vs 2022 Market cap change in the Tech Industry (Top 10 tech stocks by market cap as of 21 Nov 2022) [OC] by Savoy_Cabbage
No, I’m afraid you don’t get it. Little companies, if they are successful, grow into big companies, by default, and they HAVE to eat their competition. Sorry you don’t like capitalism. Try making it work for you instead of crying about it.