Big Tech Is Getting Clobbered on Wall Street. It’s a Good Time for Them.
Apple, Amazon, Microsoft and the parent companies of Facebook and Google have lost more than $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.