Dusseldorf Since the beginning of February, the Facebook parent company Meta has no longer been one of the five most valuable companies in the world. The reason is an unprecedented stock market crash, in which the group lost around 250 billion dollars in market value in just one day. The other large US platform companies such as Apple, Alphabet or Amazon were not hit as hard, but they too have been in the red since the beginning of the year.
The stock market year could be uncomfortable for big tech stocks. The approaching US interest rate hike has brought a lot of uncertainty and volatility to the markets – growth stocks in particular are no longer as attractive to investors as they were before. In addition, many tech values are still rated very highly. And the danger of stricter regulation of the big platforms represents a latent price risk.
Didn’t Meta make its business model fit for the future in time and trusted the advertising business for too long? Can the other big platform companies withstand the unfavorable market conditions? Holger Schmidt, an expert in platform economics and inventor of the so-called platform index, provides answers to these questions.
Also: The fear on the stock exchanges of a military conflict between Russia and Ukraine is growing. The Dax slipped into the red, investors are increasingly fleeing to so-called safe havens such as gold and oil. Our Frankfurt financial correspondent Jan Mallien has more information on this in the market report.
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