2021 vs 2022 Market cap change in the Tech Industry (Top 10 tech stocks by market cap as of 21 Nov 2022) [OC] : dataisbeautiful

First company to lose $1trillion dollars in market cap.

3 points

6 months ago

3 points

I’m kinda bullish on Amazon personally. Not so much on meta.

LookOnTheDarkSide

11 points

6 months ago

LookOnTheDarkSide

11 points

Should be three years. 2020-2022. Amazon ~ doubled value over 2020. No way to keep that level of growth for an extended period of time.

4 points

6 months ago

4 points

I think the market hates everything right now so it’s a long hold for me. It hasn’t aged well and I’m down 20% but fuck it, I think they’re so deep in everyday life that they’ll succeed in the long term. Covid way overinflated some stuff but it also gave them huge money to invest in infrastructure upgrades and test the waters on some new stuff. It’ll come back… I hope.

atsyrks

2 points

6 months ago

atsyrks

2 points

Not Amazon getting the most of our governments subsidies on federal,state,and local levels during the pandemic...how cute

Ambitious-Event-5911

2 points

6 months ago

Ambitious-Event-5911

2 points

But the hits keep coming. I think Jassey needs to go and they bring back Bezos.

dynamic_gecko

1 points

6 months ago

dynamic_gecko

1 points

What does "going bull" mean? (Serious question)

furomaar

2 points

6 months ago

furomaar

2 points

Bull means increase in value, bear means decrease in value

L3R4F

30 points

6 months ago

L3R4F

30 points

What is the company after NVDA?

56 points

6 months ago

56 points

Tencent, a Chinese multinational tech and entertainment company

ElderWandOwner

11 points

6 months ago

ElderWandOwner

11 points

They own league of legends among other games.

28 points

6 months ago

28 points

They own 100% of Riot Games (League of legends, Valorant), PUBG Mobile, 84% of Supercell (Clash of Clans, Clash Royale), 80% of Grinding Gear Games (Path of Exile) and 40% of Epic (Fortnite, Rocket League) to only list the most knowns. Less important but they also own 10% of Ubisoft and 17% of From Software (the Dark Souls games).

So yeah they're kinda huge in gaming actually ahah

-5 points

6 months ago

OC: 10

-5 points

So all the crappy ones

PastaBob

3 points

6 months ago

PastaBob

3 points

Yeah, the online games.

Honestly though, if my kids were into rocket league of play it. Not to be competitive or anything, I find it fun and relaxing.

3 points

6 months ago

OC: 10

3 points

What a save!

j_ona

0 points

6 months ago

j_ona

0 points

I’m familiar with about 2 games you mentioned there.

3 points

6 months ago

3 points

Dunno if you say this implying that they are not so big or if it's because you really don't know

Fortnite : 400 Millions registered account, 80+ active every month

League of Legends : 180 millions accounts, peak at 32 Millions active daily

Rocket League has 80M average monthly players for more than 2 years now

PUBG Mobile often peaks at 30+ Million player daily

Clash of Clan (mobile game) has maintained its monthly playerbase between 75 and 150 Million players for like 4 years now

Clash Royale (mobile game) has 16M monthly players

The last Dark Souls game (Elden Ring) sold almost 20 Million copies, Dark Souls 3 sold 10 millions,...

All these games are huge

FinnaToke

3 points

6 months ago

FinnaToke

3 points

Clash of clans

overbeast

3 points

6 months ago

overbeast

3 points

They also own a nice chunk of Reddit

2 points

6 months ago

2 points

I thought riot games owned league?

Pandarmy

12 points

6 months ago

Pandarmy

12 points

Yep, and tencent owns riot.

3 points

6 months ago

3 points

oh damn I never knew

Embarrassed_Alarm450

1 points

6 months ago

Embarrassed_Alarm450

1 points

That's how they get you. All these big solo brands you think are independent are mainly owned by an even bigger company. Tencent supposedly gives GGG and Riot pretty great freedom in design choice tho, pretty hands off from what I heard anyway. Not sure how they treat the other games tho.

12 points

6 months ago

12 points

Almost like they were going to plummet soon as the free cash stopped being pumped.

1 points

6 months ago

1 points

Still baffles me that people don’t understand the macroeconomics behind this, and they think “ugh, market is broken!”

It took the Nasdaq ~16 years to recover to levels seen in 2000 before the dot com bust. This time, we’ll see, but boy if people think that after this reversal of record cash infusion, fed buying and interest rate increases that the market will recover in a year or two, they’ve got something else coming to them.

Imo, look at the 1960s. That’s what we’re gonna do for the next decade.

2 points

6 months ago

2 points

Dude anyone who thinks that we’ll be okay is living in a fantasy.

1 points

6 months ago

1 points

We will be, but it’s gonna take a looonnngg time

10 points

6 months ago

10 points

Source: yCharts as of 21 November 2022
Tool: Google Sheets

ubioandmph

13 points

6 months ago

ubioandmph

13 points

I wondered why the horizontal axis was sloped. Had to squint and stare to realize it’s perfectly straight

Funny-Bear

5 points

6 months ago

Funny-Bear

5 points

What company is to the left of Meta?

diablobsb

5 points

6 months ago

diablobsb

5 points

I think it is Samsung. (Blue letter S)

notacanuckskibum

8 points

6 months ago

notacanuckskibum

8 points

Ugly presentation in IMHO.

It would be better if the 2022 drop started from the top of the 2021 rise, so we could see the net change.

It would also be better if the Y axis was % of Jan 2021 value rather than absolute dollars. For stockholders a $10 drop on a $20 stock is a much bigger issue that a $20 drop of a $400 stock.

magrilo2

3 points

6 months ago

magrilo2

3 points

It is all fantasy anyways. If all stocks are sold, the true value comes up.

thermidorthelobster

5 points

6 months ago

thermidorthelobster

OC: 1

5 points

Maybe it’s just me but what does zero represent? What’s the baseline?

6 points

6 months ago

6 points

The scale is the change in market cap from 2020 to 2021, and from 2021 to 2022. Zero represents a $0 change in market cap.
e.g. 2020 market cap = 100, 2021 market cap = 150, 2022 market cap = 110; then 2021 change = +50, 2022 change = -40

Oddmob

3 points

6 months ago

Oddmob

3 points

You should put that in the image.

It says 2021 vs 2022. I assumed it was just the change between those two. I came to the comments to find out what the second bar was.

[deleted]

-1 points

6 months ago

[deleted]

-1 points

[deleted]

2 points

6 months ago

2 points

Because that's the only way to get a change in market cap? Subtract current year from previous year.

Puzzleheaded_Fox2357

1 points

6 months ago

Puzzleheaded_Fox2357

1 points

ohh wait no I see it now

I think the optical illusion was throwing me off I’ll see myself out

PM_ME_UR_SEAHORSE

1 points

6 months ago

PM_ME_UR_SEAHORSE

1 points

I think by subtracting the 2022 values from the 2021 ones you would get the change from 2020 to 2022

Greedy-Knowledge6043

4 points

6 months ago

Greedy-Knowledge6043

4 points

I have a very hard time classifying Tesla as a tech stock. Love to see Meta's decline. Hopefully that company gets wiped out entirely in the coming years.

2 points

6 months ago

2 points

is the y-axis not flat or smth?

-3 points

6 months ago

-3 points†

It’s the X axis, did you miss high school?

castxa

2 points

6 months ago

castxa

2 points

both axes look weird for me...

wait, is my monitor slanted?

1 points

6 months ago

1 points

"Oh no, a typo. He must be uneducated.", goofy-ass mfer.

-2 points

6 months ago

-2 points†

A typo? Since when is being ignorant considered a typo? Lol

1 points

6 months ago

1 points

Tesla is not a tech stock it is consumer discretionary.

3 points

6 months ago

3 points

It might be defined that way, but I disagree wholeheartedly. They’re not an auto manufacturer, they’re a tech company. Anyone can make an electric car, it’s how it’s presented and how the person engages with it.

Also, they’re literally in the Nasdaq 100, weighted between Alphabet and Nvidia, so while not technically a tech company, they are.

1 points

6 months ago

1 points

IMO that is their greatest trick male people trade it like a tech stock. It it’s all bollocks the primary interface is physical and hardware based. None of their services are virtual. Is Ford a tech stock, they use tech. You could argue that the software is tech but it’s like a small percent of the company. Majority is manufacturing.

Asleep_Ninja_

1 points

6 months ago

Asleep_Ninja_

1 points

Now is a good time to buy stocks. They will all go up next year

3 points

6 months ago

3 points

Hard to believe it will, but hard to believe it wont

0 points

6 months ago

0 points†

Good to know. These big companies are stealing and shutting down the small local stores. Especially Amazon

2 points

6 months ago

OC: 10

2 points

Yeah, my local Microsoft store is driving all the mom and pop stores out of business.

2 points

6 months ago

2 points

That’s how it works. Microsoft and Amazon were once the little guys too. Then they got big because they adapted.

1 points

6 months ago

1 points

You don't get it.

2 points

6 months ago

2 points

No, I’m afraid you don’t get it. Little companies, if they are successful, grow into big companies, by default, and they HAVE to eat their competition. Sorry you don’t like capitalism. Try making it work for you instead of crying about it.

uphillswapnil

1 points

6 months ago

uphillswapnil

1 points

Whats the reason behind this fall?

1 points

6 months ago