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The Coronavirus Outbreak Has Erased Nearly $460B Of Big Tech’s Market Cap

Source | www.cbinsights.com

FAMGA hasn’t escaped the market turmoil brought on by coronavirus and the oil-price war.

Though tech’s big 5 — Facebook, Apple, Microsoft, Google, and Amazon — have driven a huge portion of market gains in recent years, they haven’t escaped the coronavirus-induced market turmoil that’s been exacerbated by the oil-price war.

Collectively, FAMGA has seen nearly $460B wiped off its market cap (as of 3/10/19) since January 30, when the WHO declared a public health emergency. Of the mix, Amazon is the only company to remain relatively unscathed. 

But the size of the impact varies from firm to firm. We dive into how the outbreak is affecting each tech giant below.

Click here to read the full article

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www.cbinsights.com
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