FAANGer danger: big tech takes a beating
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 8 February 2022
⏱️ 24 minutes
🧾️ Download transcript
Summary
For years, the big tech firms Facebook, Apple, Amazon, Netflix and Google were seen as a collective good bet; investors will soon judge them each on their merits—or demerits. After Israel’s creation, Jews were shunned in the Arab world; that now seems to be changing, and quickly. And, on the frozen ground at Ukraine’s border, there will be mud.
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Transcript
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| 0:00.0 | This winter enjoy live theatre like never before at Shakespeare's Globe. |
| 0:05.0 | Home to London's only cantaloupe theatre the Sam Wannabeck Playhouse, |
| 0:09.0 | don't miss the epic Henry V, Titus Andronicus and the Winter's Tale in this intimate indoor setting. |
| 0:15.0 | And bring the family for a magical retelling of Hans Christian Anderson's The Fertry in the iconic open-air Globe Theatre. |
| 0:22.0 | Shakespeare's Globe on London's Bankside, to get started from £5. |
| 0:27.0 | Book now at Shakespeare's Globe.com. |
| 0:36.0 | Hello and welcome to the Intelligence from the Economist. |
| 0:39.0 | I'm your host Jason Palmer. |
| 0:41.0 | Every weekday we provide a fresh perspective on the events shaping your world. |
| 0:50.0 | Ever since the creation of Israel and its displacement of Palestinians, |
| 0:54.0 | Jews and Jewish heritage haven't been much embraced in the Arab world. |
| 0:58.0 | But our correspondent finds how much and how fast that seems to be changing. |
| 1:03.0 | And Russian tanks are perched on Ukraine's border, for the moment on hard frozen ground. |
| 1:10.0 | When that thaws, things will get messier and trickier. |
| 1:14.0 | We look into the tactical concern posed by rivers of mud. |
| 1:27.0 | But first, |
| 1:34.0 | If you're holding stocks in big tech firms, 2022 has already been a real nail-biter. |
| 1:39.0 | For so long, they seem to be headed in only one direction, up. |
| 1:44.0 | During the pandemic, central banks were slashing rates and unleashing tons of stimulus money. |
| 1:49.0 | And markets as a whole just kept hitting high after high. |
| 1:52.0 | Now to the economy back here at home and another record week on Wall Street. |
| 1:56.0 | The Dow Jones closing today at another record, high at $34,000. |
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