Premium: What Meta’s 26% “Zuck Shock” tells us about the future of tech stocks

Katie Martin's published in the Financial Times offers some excellent insight into how big money is viewing current volatility in stock markets. Especially in shares whose ballooning prices made investment geniuses of anyone who has ridden on their very wide coat-tails..The FT's Markets editor, who was previously at our other global partner the Wall Street Journal, concludes when big elephants fall over, they make a mess. Small elephants, too. Like our share portfolio members Netflix and Spotify whose share prices dropped sharply last week – one because of a disappointing outlook; the other after "progressives" attacked its most popular podcasting host..Ms Martin's article re-iterates how important it is to remind ourselves why we decided to become a co-owner of the company in the first place. This provides a base from which to weight a short-term price influencer against one's own investment case. That's the best possible defence against being caught up by Mr Market's mood swings..___STEADY_PAYWALL___.More for you to read today: .Amazon Breaks Record for One-Day Gain in Market Cap. Tech stocks have diverged this earnings season as investors subject results to greater scrutinyInside Spotify's Joe Rogan Crisis. The streaming giant that started as a tech platform is now lurching toward being a media company responsible for what it distributesYou Can Get Crypto Right and Still Play It Wrong. An irony of investing is that you can be correct about the future and still fail to profit from it.PS: One of our members sent me a batch of quotes by the polymath and extremely rational Thomas Sowell. Starting today, I'll be sharing them in this newsletter. Now 91, our correspondent writes that Sowell grew up in Harlem NY, served in the US Marine Corps during the Korean War, graduated Magna Cum Laude from Harvard, has a Masters from Columbia, is an economist, social theorist, philosopher, author, a Senior Fellow at the Hoover Institution, with awards including the National Humanities Medal and Francis Boyer award. Many colleges and universities are openly opposed to permitting Sowell to lecture their students and faculty. .NB FOR YOUR WALL STREET JOURNAL ACCESS….As a Premium subscriber you are entitled to full membership of wsj.com (normal price $29 a month). Be sure to action your access through the Premium link on the BizNews website. Because of The Wall Street Journal's credential requirements, be sure to create a password which has at least 8 characters and includes at least one letter and one number – NB it MAY NOT contain any special characters (ie #, !, @ etc). To maintain access to WSJ.com, you MUST enter our partner's website via BizNews Premium at least once a month. A final PS, if you had previously signed up for WSJ you'll need to clear the cookies from your device. Our help desk can assist – support@biznews.com..If you'd like to help sustain our independent voice, why not share the love by making a gift that keeps giving? Click here to access the BizNews Premium subscription signup form, and be sure tick the relevant box. At R100 a month and inclusive of full membership of The Wall Street Journal, it's a mind-expanding gift at an incredibly modest price.

Premium: What Meta’s 26% “Zuck Shock” tells us about the future of tech stocks

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