{"id":7581,"date":"2022-10-29T15:37:24","date_gmt":"2022-10-29T13:37:24","guid":{"rendered":"https:\/\/costops.com\/index.php\/2022\/10\/29\/will-plunging-shares-end-big-techs-era-of-pornographic-profits\/"},"modified":"2022-10-29T15:37:24","modified_gmt":"2022-10-29T13:37:24","slug":"will-plunging-shares-end-big-techs-era-of-pornographic-profits","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/10\/29\/will-plunging-shares-end-big-techs-era-of-pornographic-profits\/","title":{"rendered":"Will plunging shares end big tech\u2019s era of \u2018pornographic\u2019 profits?"},"content":{"rendered":"<p>After the astonishing wealth earned during lockdown, investors fear times may never be as good again for Silicon Valley\u2019s giants<\/p>\n<p>Last week was a bad time to be a tech billionaire. When the pandemic drove the world online, the founders of Facebook, Google and Microsoft reaped wealth gains described as \u201cpornographic\u201d and cemented their position as among the richest cohort ever to have trod the planet. Well, the \u201cgood times\u201d are over. Sort of.<\/p>\n<p>The world\u2019s biggest tech companies reported their latest earnings last week and, for most, the news was bad. Meta (formerly Facebook), Alphabet (formerly Google) and Microsoft saw billions wiped off their values as investors began to worry that the best days of the tech titans were behind them. As investors made for the exit, the five biggest tech stocks crashed by a combined $950bn (\u00a3820m) at their lowest point. The slide also hit the fortunes of their creators.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/oct\/29\/will-plunging-shares-end-big-techs-era-of-pornographic-profits\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/43809979146cae092d5df33f34573b5b719c43fb\/0_69_6720_4032\/master\/6720.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=c2c74445f299751e6f65d2b4a691798c\" title=\"Will plunging shares end big tech\u2019s era of \u2018pornographic\u2019 profits?\" \/>After the astonishing wealth earned during lockdown, investors fear times may never be as good again for Silicon Valley\u2019s giants<br \/>\nLast week was a bad time to be a tech billionaire. When the pandemic drove the world online, the founders of Facebook, Google and Microsoft reaped wealth gains described as \u201cpornographic\u201d and cemented their position as among the richest cohort ever to have trod the planet. Well, the \u201cgood times\u201d are over. Sort of.<br \/>\nThe world\u2019s biggest tech companies reported their latest earnings last week and, for most, the news was bad. Meta (formerly Facebook), Alphabet (formerly Google) and Microsoft saw billions wiped off their values as investors began to worry that the best days of the tech titans were behind them. As investors made for the exit, the five biggest tech stocks crashed by a combined $950bn (\u00a3820m) at their lowest point. The slide also hit the fortunes of their creators. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After the astonishing wealth earned during lockdown, investors fear times may never be as good again for Silicon Valley\u2019s giants Last week was a bad time to be a tech billionaire. When the pandemic drove the world online, the founders of Facebook, Google and Microsoft reaped wealth gains described as \u201cpornographic\u201d and cemented their position &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/10\/29\/will-plunging-shares-end-big-techs-era-of-pornographic-profits\/\"> <span class=\"screen-reader-text\">Will plunging shares end big tech\u2019s era of \u2018pornographic\u2019 profits?<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":7582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7581"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=7581"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/7582"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=7581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=7581"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=7581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}