Tech stocks are overvalued and it’s killing innovation

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Tech stocks are overvalued and it’s killing innovation
By Jayson DeMers


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…

This story continues at The Next Web


December 30, 2018 at 05:00AM
via The Next Web http://bit.ly/2BLUJoQ

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