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Bertille Bayart: “War or the defeat of currencies?”

2020-09-22T18:43:54.373Z


CHRONICLE - The tech giants and the equity markets are in an iron state.Of course, it is possible to find logic in everything. For example, it makes perfect sense that a company, Snowflake, only eight years old and massively loss-making ($ 171 million in losses over one quarter), unleashes the passion of investors to the point of reaching a value of $ 65 billion. the day of its IPO, last Wednesday. Snowflake, champion of data processing in the cloud, is perfectly posi


Of course, it is possible to find logic in everything.

For example, it makes perfect sense that a company, Snowflake, only eight years old and massively loss-making ($ 171 million in losses over one quarter), unleashes the passion of investors to the point of reaching a value of $ 65 billion. the day of its IPO, last Wednesday.

Snowflake, champion of data processing in the cloud, is perfectly positioned for a world whose pandemic has further accelerated digitalization.

Read also:

Comforted by the pandemic, the tech giants do not know the crisis

The same causes produce the same effects for the already well-established tech giants, the Fangmans (Facebook, Apple, Netflix, Google, Microsoft, Amazon and Nvidia) whose total market capitalization reaches more than $ 7 trillion, compared to around 4,000. billion mid-March.

Even if the euphoria has calmed down since the beginning of the month, this figure remains monstrous.

Monstrous, but logical.

Tech is undoubtedly the winner of the crisis

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Source: lefigaro

All news articles on 2020-09-22

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