Stomach-churning market acts on Big Tech

Heavy weightage: The Nasdaq MarketSite in New York. Funds that Americans have invested in – both the actively managed and passive variety – have become so concentrated in Big Tech. — Bloomberg

MILLIONS of ordinary investors rode Facebook on the way up, whether they fully realised it or not. Now, they’d better brace for the ride down.

The stomach-churning collapse of Facebook parent Meta Platforms Inc on Thursday – a one-for-the-record-books US$252bil (RM1.1 trillion) stunner – places a bright red line under the “big” in Big Tech.