These 5 Big Techs have shed an eye-popping near $3.7 trillion in market value in a torrid year for stocks

Dec 22 2022 by Business Insider

 
Mark Zuckerberg's Meta Platforms has seen its market capitalization tank by over $600 billion in 2022.

Stephen Lam/Reuters

The "Big Five" tech stocks together have shed $3.65 trillion in market value this year so far. Rising interest rates and the threat of a recession have fueled a brutal selloff in US stocks in 2022. Apple, Microsoft, Alphabet, Amazon, and Meta Platforms have each erased over $500 billion in market value.

Just five Big Tech stocks have together lost $3.65 trillion in market...

Continue Reading These 5 Big Techs have shed an eye-popping near $3.7 trillion in market value in a torrid year for stocks