Big tech firms including Apple, Amazon, Facebook, Microsoft, and Google’s parent company Alphabet Inc. lost over 3% of their market cap on Monday, resulting in a combined loss of more than $162 billion in stock prices.
Financial Markets Lose Billions As Bitcoin Surges
Major financial markets experienced their worst performance yesterday, as trade tensions continue to rise between the U.S. and China, CNBC reported. Shortly after U.S. President Donald Trump announced additional tariffs on $300 billion worth of Chinese imports on Friday, big tech’s five lost a total of $66 billion in market value.
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