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Google, Apple and other technology companies have lost billions of dollars in market capitalization after Trump's speech at the UN that included an attack on technology giants …
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Internal business reports that Facebook has lost 3% of its value, Amazon 2.5%, Google 1.3% and Apple 0.5%. Netflix was the hardest hit, at 4.3%, but the site also notes a negative report from a leading analyst.
Trump's speech to the United Nations Tuesday cost billions of dollars to the world's biggest tech companies.
The Facebook, Amazon, Apple, Netflix and Alphabet, Google's parents, lost a combined market capitalization of $ 58 billion.
In his speech, which also mentions trade tensions in China, Trump said that social media platforms are acquiring "immense power," adding that a "free society" can not allow social media giants to do anything. to silence the voice of the population ".
The Nasdaq index, dominated by technology giants, decreased by 1.4%. Other falls are expected when the market reopens this morning.
This is not the first time that Apple is hit by Trump's actions: a range of Apple products are being taxed from China on arrival in the US, and the iPhone should be integrated into the wrist strap from mid-December. Apple is currently absorbing the additional costs, with corresponding impact on its results.
Google had good news yesterday by winning an important ruling against the European Union on the "right to forget" legislation. A court ruled that it was enough for him to apply the legislation in European versions of the search engine.
A European court ruled that Google was under no obligation to censor all versions of its search engine results.
"Currently, the law of the Union does not impose any obligation on a search engine operator who accesses a listing request made by a data subject … to perform such de-referencing on all versions of its search engine "Decision of the Court of Justice.
Photo: Shutterstock
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