Sina Technology News Beijing time on the evening of October 27th, according to reports, the latest data shows that in the past year, the market value of seven major US technology companies including Alphabet, Microsoft and Meta has shrunk by more than $3 trillion.
This week, Alphabet, Microsoft and Meta have released new quarterly results. Shares plummeted after the earnings report. In the early morning of Friday, Beijing time, Amazon and Apple will also release new quarterly financial reports, and we will wait and see the specific performance.
The latest data shows that over the past year (starting on October 27, 2021), the combined market value of the seven most dominant large technology companies in the United States has wiped off an astounding $3 trillion. Among them, 6 stocks suffered heavy losses. Apple fared slightly better, losing only about $35 billion in market value.
Among them, Google’s parent company Alphabet’s current market value is $1.2444 trillion, down $698.02 billion from a year ago. Microsoft’s current market cap is $1.73454 trillion, with a loss of $692.82 billion. Meta’s current market cap is only $280.31 billion, with a loss of $588.21 billion.
As the founder and CEO of Meta, Mark Zuckerberg’s personal wealth also shrunk by $11 billion due to the new quarterly earnings report. In just 13 months, the total lost more than $100 billion. Zuckerberg’s current net worth is $38.1 billion, up from $142 billion in September 2021.
In addition, Amazon’s current market cap is $1.1800 trillion, with a loss of $540.57 billion. Tesla’s current market cap is $715.29 billion, with a loss of $326.99 billion. Netflix’s current market cap is $133.46 billion, with a loss of $160.18 billion. Apple’s current market cap is $2.4074 trillion, with a loss of $34.69 billion.
Collectively, the seven tech companies lost $3.04148 trillion in market value over the past year. From around August this year, Netflix’s stock price began to rebound. Otherwise, the loss will further expand.
Reassuringly, while several of these companies were sold off by investors after their new quarterly earnings reports, their shares are still above the 52-week lows set on Oct. 13, when the S&P 500 fell to 3,491. .
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