Trump is after Amazon, Congress is after Facebook, and Apple and Google have their problems too. Trump is going after Amazon; Congress is after Facebook; Google is too big, and Apple is short of new products. Tech stocks have largely driven the year’s stock market decline, the largest quarterly drop since 2015. Apple, Amazon and Alphabet make up 10% of the S&P 500 with a combined market capitalization market cap of $2.3tn. Add Microsoft and Facebook, with a combined market value of $1.1tn, and the big five make up 15% of the index.

Source: The Guardian April 01, 2018 09:56 UTC