Tech stocks are overvalued and it’s killing innovation
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We’re entering an unprecedented era of advanced technology and behemoth tech companies driving its development. Earlier this year, Apple became the first company to reach a one-trillion-dollar valuation, and Amazon followed suit, reaching a one-trillion-dollar market cap in September. Alphabet (Google’s parent company), Facebook, and Netflix are similarly dominant over the S&P 500, together providing an enormous proportion of the technology we use on a daily basis and influencing the direction of the entire stock market. These companies certainly deserve praise, and they’ve been able to accomplish a lot over the past couple of decades, but we’ve dangerously overvalued these…
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from LatestTechyTalks
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