Big Tech may be under siege, but its stock outperforms.
Facebook Inc. FB, + 3.43%, Google’s parent company Alphabet Inc. GOOGL, + 4.19% GOOG, + 4.11%, Microsoft Corp. MSFT, + 2.77% stocks closed at record highs on Monday Finally, we have reached the strong wave of employment growth in the United States. The moon, despite a wave of criticism about their great impact on the economy and the lives of Americans. Technology-intensive Nasdaq Composite Index COMP, + 1.67% up 1.7%, recording other technology names such as Oracle Corp. ORCL, + 3.27%, HP Inc. HPQ, + 1.28%, large semiconductor equipment supplier I pushed it up to the desired height.
Facebook thrives on social networking giants despite lawsuits from the Federal Trade Commission and 48 state attorneys alleging anti-competitive business practices and warnings from the chief financial officer about slowing down digital advertising. As it continued, it rose 3.4% to $ 308.91 per share. , That lifeline. The closing price smashed Facebook’s past record closing price of $ 303.91 on August 26, 2020.
On Saturday, members of a low-level hacking forum released the phone numbers and personal data of 533 million Facebook users, the latest in a series of controversies among social networking companies. But that doesn’t seem to matter much. In fact, according to a survey by marketing agency Aisle Rocket, Facebook’s ad prices were 30% above 2020 levels as of mid-March.
The Alphabet, which is the subject of the Attorney General proceedings and the two Attorney General proceedings, surged 4% to close at $ 2,218.96. The company has benefited from a US Supreme Court victory over Oracle in a long-standing copyright dispute over software used on Android.
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Facebook and Alphabet have faced numerous proceedings and laws to curb their influence considerably, but their stock tracks have not been compromised.
Facebook CEO Mark Zuckerberg has become a technical lightning rod for data collection practices, privacy policies, and consumer micro-targeting. Zuckerberg, Alphabet CEO Sundar Pichai, Twitter Inc. TWTR, and + 0.64% CEO Jack Dorsey each received yet another quarrel with house members about the dissemination of false information on vast digital platforms.
Parliamentary members have vowed to pass a bill that protects consumers by limiting their ability to scoop up potential competitors, as Facebook did on Instagram and WhatsApp. Jan Shakowski (Democratic Party, Illinois), a member of the U.S. Congressional Commission, sells stolen, counterfeit, and dangerous consumer products online by requiring verification by third-party sellers in the online retail market. Introduced a bill to counter.
Microsoft, which evaded antitrust scrutiny and established itself as a White Knight in the Big Tech backlash, improved 2.8% to $ 249.07.
It wasn’t just a trio of tech giants. More than 12 engineers including Oracle, HP, Texas Instruments Inc. TXN, + 2.54%, 3 major chip equipment suppliers, Lam Research Corp. LRCX, + 3.36%, Applied Materials Inc. AMAT, + 1.08%, KLA Corp .. According to a Dow Jones market data survey, KLAC, + 2.24%, hit a daytime high on Monday. Oracle, Texas Instruments, Lam Research, Applied Materials, KLA, and HP have all closed at record highs.
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