Facebook, Google And The Rest Of Big Tech Have Too Much Influence? Hardly [Forbes]
Meta Platforms, Inc. - Class A (FB)
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Source: Forbes
The markets have been on a wild ride in the wake of the COVID-19 outbreak. Thankfully, the intense, head-whipping volatility of March has died down, but stocks have continued to bob and weave in recent weeks, keeping many investors on edge.All told, the S&P has shed more than 13% since reaching an all-time high on Feb. 19. During this time, many of the same companies responsible for powering the recent decade-long bull market have gained even more clout, with tech behemoths AppleAAPLAMZNMSFT(AP Photo, file)ASSOCIATED PRESSTOO MUCH RISK?Many say it’s not healthy for a handful of companies to exert this much influence, especiallythese companies,not the greatest corporate citizensToday In:According to this argument, each firm should be weighted equally to protect millions of mass-affluent investors whose retirements rest on those types of investments. In theory, that makes sense, and it’s why funds exist that give each stock within the S&P a 0.2% weighting. But the reality is that invest
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