The dissonance between the stock market's relative panic and the business-as-usual calm among tech giants foreshadows a period when analysts, investors and economists predict that the world's largest companies will widen their lead in their respective markets
SAN FRANCISCO — Apple, Amazon, Microsoft and the parent companies of Facebook and Google have lost $2.7 trillion in value so far this year, about the annual gross domestic product of Britain.
So what have the companies done about this thrashing on Wall Street? Microsoft has doubled its employees’ bonus pool, Google has committed to hiring more engineers and Apple has showered its top hardware talent with $200,000 bonuses.
The dissonance between the stock market’s relative panic and the business-as-usual calm among tech giants foreshadows a period when analysts, investors and economists predict that the world’s largest companies will widen their lead in their respective markets.
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