Meta's Stock Plunge + Market Volatility — With Josh Brown of Ritholtz Wealth Management

Big Technology Podcast

Alex Kantrowitz

Technology, Religion & Spirituality, Business News, Business, Religion, Science, Philosophy, Society & Culture, Entrepreneurship, Management, Marketing, Politics, News Commentary, Government, Investing, Tech News, Social Sciences, News

4.6 • 395 Ratings

🗓️ 9 February 2022

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Josh Brown is the CEO of Ritholtz Wealth Management and a regular CNBC contributor. Brown joins Big Technology Podcast to discuss what's behind Meta's historic $251 billion stock plunge, and Amazon's equally shocking $190 billion rise. This is a discussion about Meta and Big Tech, but as you listen you'll get a window into market fundamentals like "whisper" earnings targets and why growth stocks are going out of style. We also discuss what happens inside companies when their stock prices plummet. You can find Josh's podcast — The Compound and Friends — here: https://pod.link/1456467014 And here's my 'Metaverse or Bust' story: https://bigtechnology.substack.com/p/for-facebook-its-metaverse-or-bust

Transcript

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0:00.0	From LinkedIn News, I'm Jesse Hempel, host of the Hello Monday podcast.
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0:33.5	Thank you. data. Hello and welcome to the big technology podcast, a show for cool-headed, nuanced
0:52.5	conversation of the tech world and beyond.
0:55.4	Look, if you've been watching the stock market over the past year, you've seen some,
0:58.6	or the past week, really, you've seen some of the most unbelievable fluctuations in stock prices,
1:04.4	especially when it comes to the tech companies, perhaps that you've ever seen.
1:08.8	You had Facebook losing $250 billion in market cap, basically
1:12.8	overnight. Amazon gaining $190 billion in market cap overnight. Step moving up 61% after hours
1:20.6	after an impressive earnings result. Well, this is, of course, like totally crazy market movement, and it's really tough to figure out what's going on and what the implications are and the repercussions will be for the companies.
1:34.9	And so to discuss it, we have, I guess I am so excited to bring on.
1:39.2	It's Josh Brown.
1:40.0	He's the CEO of Ridholt's wealth.
	...

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