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Big Tech Weekly e4 -- A perception of Big Tech Finance in COVID

Looking at stocks you see either companies that have been greatly affected by COVID, companies that have been horribly affected by COVID, and companies that haven’t been affected by COVID at all. For example, when we look at companies such as Zoom, a popular video call platform, is (as you would expect) growing bigger every day, making millions and millions of dollars. Meanwhile, looking at Norwegian Cruise Lines, they are almost bankrupt. But studying Google, Amazon, Apple, and Facebook’s stocks and finance, I notice something a little different. All of these big tech companies had an enormous economic crash in March, as did probably every company you can look at. Even companies that have been greatly impacted in a good way like Amazon, crashed in March. The question I pose is "why." Why did these companies all crash in March? My simple answer to this is the surprise aspect of the event. Everyone was surprised by COVID. Everyone was paranoid about buying as toilet paper as possible as if it was an apocalypse (which you could argue that it was). Stockholders are probably less likely to want to hold stocks when the stock market is crashing. But all of the big tech companies have seemed to rebound. But when you think about companies that have been horribly impacted by COVID (like airline companies and more) the main turning point for disaster was March.


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