, Columnist
It's Amazon's Turn in the Tech Hot Seat
There's a perception issue, and Trump's tweets aren't helping.
This article is for subscribers only.
Wednesday was a bad day for Amazon.com Inc. shares, even though the company did nothing wrong. The computer-chip maker Nvidia Corp. didn't fumble an earnings forecast, but its stock tumbled this week, too. Facebook Inc.'s financial power hasn't weakened (so far), yet it has shed a Morgan Stanley worth of market value in two weeks.
Right now, investors worry technology companies might succumb not to competition or business missteps, but to consequences of their own hubris or market power. It all feels overdue, but also odd. We've been writing for so long about the looming technology reckoning that it's surprising to realize investors finally care.