Big Tech companies have had a wild earnings season.
Meta – the parent company of Facebook – suffered the largest-ever one-day loss in market value for a US company. The very next day, Amazon notched the largest-ever one-day gain in history.
What is going on to cause such dramatic price moves? And what does the future hold for companies such as Apple, Amazon, Google, Facebook, Tesla and Microsoft?
In the Dumb Question of the Week, we ask why companies care about their stock price? And how does the company benefit from a higher price?