Big tech takes a beating

When Meta Platforms’ stock dived by almost 25% in October – plunging with investors’ loss of faith in its metaverse – it wasn't the only tech giant to have suffered in the past year
                                                                     

Share price Nov 4, 2021 	Nov 3, 2022	Market value

Change in share price

Meta			
Down 73.62%
$335.85
$88.60

Netflix		
Down 59.75%
$668.40 
$269.06

Amazon
Down 48.63%
$173.85
$89.30

Alphabet
Down 43.73%
$148.27
$83.43

Microsoft
Down -36.32%
$336.44
$214.25

Apple
Down 8.00%
$150.96 
$138.88
 

Netflix $119.74 billion

Meta $240.07 billion

Amazon $939.780 billion
 
Alphabet $1.126 trillion
 
Microsoft $1.600 trillion

Apple $2.307 trillion
    

Sources: Bloomberg, Financial Times, Google Finance 
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