Big Technology Podcast What Exactly Is The Market Telling Tech To Do? — With Josh Brown
Apr 26, 2023
Josh Brown, CEO of Ritholtz Wealth Management and host of the Compound and Friends podcast, dives deep into the shifting landscape of tech as it grapples with tighter financial conditions. He discusses Wall Street's demands, investor sentiment, and the implications of recent stock volatility. The conversation touches on major players like Meta, Apple, and Google, exploring their strategies amid fierce competition and economic pressures. Brown also analyzes the influence of the Federal Reserve and the uncertain future of cryptocurrency, making for a compelling dialogue.
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Tech Stock Volatility
- Tech stocks offer higher potential profits and faster growth than other sectors.
- This comes at the cost of increased volatility due to fluctuating market sentiment and earnings outlooks.
Era of Volatility
- The period of low volatility in tech stocks (2016-2021) has ended.
- Increased competition and internal conflicts among tech giants now drive higher volatility.
Meta Layoffs and Stock Price
- Mark Zuckerberg laid off 7% of Meta's workforce, and the stock price increased by 70%.
- This incentivizes further layoffs, as they seemingly benefit stock performance and profitability.