BIG TECH GETS BIGGER: VALUE TOPS $5 TRILLION!
- Alphabet became the fourth U.S. tech company to reach $1 trillion in market value, after Apple, Microsoft and Amazon, which has since dipped below that mark.
- The five most valuable U.S. tech companies now account for over 17% of the S&P 500, up from 11% in 2015.
- Even in the face of heightened regulatory pressure, the dominant companies continue to grow and attract investor dollars.
‘Break up big monopoly’: Smaller rivals join growing chorus…
Top Dems go to war with FACEBOOK, Zuckerberg…
New York (CNN)A few years ago, then President Barack Obama was appearing at dinner and on stage with Facebook CEO Mark Zuckerberg, and Nancy Pelosi was heaping praise on COO Sheryl Sandberg for “inspiring women across the world to believe in themselves.”
Now, top Democrats appear to be going to war with Facebook (FB) and its leadership.
On Thursday, Pelosi ripped Facebook, calling it a “shameful” company. She accused it of being “accomplices for misleading the American people with money from god-knows where.”
In an interview with The New York Times published Friday, former Vice President Joe Biden also had harsh words for Facebook and Zuckerberg. “I’ve never been a fan of Facebook,” Biden told The Times. “I’ve never been a big Zuckerberg fan. I think he’s a real problem.”
Pelosi slam reflects rising tensions…