COVID winners become $4 Trillion COVID losers
No wonder Bill Gates is anxious for the next pandemic
Large U.S. companies took a hit this year with six in particular losing more than $4 trillion in market value over the last year, according to The Wall Street Journal and Yahoo Finance.
Amazon is no longer a trillion-dollar company and its stock dropped 51 percent this year. Tesla reported the biggest drop in enterprise value, going from more than $1 trillion to $373.6 billion this year.
Below is the enterprise value change for six companies over the last year.
1. Apple
Dec. 31, 2021: $2.96 trillion
Dec. 29, 2022: $2.14 trillion2. Amazon
Dec. 31, 2021: $1.73 trillion
Dec. 29, 2022: $916.7 billion3. Microsoft
Dec. 31, 2021: $2.46 trillion
Dec. 29, 2022: $1.71 trillion4. Meta
Dec. 31, 2021: $876.5 billion
Dec. 29, 2022: $294.8 billion5. Alphabet
Dec. 31, 2021: $1.8 trillion
Dec. 29, 2022: $1.05 trillion6. Tesla
Dec. 31, 2021: $1.1 trillion
Dec. 29, 2022: $373.6 billion
When the after figures reach ZERO. I'll start to take some satisfaction knowing that, monetarily at least, these grifters are getting their just rewards.
Re Microsoft - elated to see it's losing market value.
It is detested in my household for poor, buggy operating systems and programming reasons, and is referred to as "macrocrap".
It's illustrious founder is also clearly detested for other reasons.
It does give one pause to consider the potential myriad of reasons why microsoft is losing market value.
Frightening when it's realized what the profits from every microsoft product we use goes to fund....macrocrap indeed.
#BoycottMicrosoft