Shapiro of Yahoo Finance Talks the Continued Success of Tech In Spite of the Pressure
INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.
Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Adam Shapiro. Shapiro is an anchor at Yahoo Finance and a regular on the Price of Business.
Price and Shapiro discussed an article in the New York Times entitled, “Big Tech Is Under Attack, and Investors Couldn’t Care Less.”
The article notes “It was December 2018, and the towering giants of tech were looking wobbly.
“Apple’s shares were tumbling, and it hadn’t yet delivered the bad news about a sales slowdown in China for the iPhone, a device that had helped make it the modern era’s first trillion-dollar company. Facebook could not escape the shadow of the dueling electoral scandals of Cambridge Analytica and Russian disinformation. And Amazon’s stock was sagging as the president of the United States regularly attacked the company.
“Just as it appeared that the big tech companies’ endless upward march had finally come to an end, they led a remarkable rally.
“This year, the S&P 500 tech sector is up more than 40 percent, handily outpacing the 25 percent gain for the benchmark index over all, which is itself the third-best annual return of the past two decades.
“Apple stock is up 70 percent, and it set a high-water mark last week. Google’s parent company, Alphabet, is up 28.5 percent, and set its own record on Monday. Microsoft shares have soared 49 percent in 2019, and Amazon is up 16 percent.
“And Facebook — whose chief executive, Mark Zuckerberg, has spent much of the past two years telling lawmakers why his company can be trusted on issues as varied as personal data and cryptocurrency — is up 53 percent.”
Adam Shapiro is the anchor of the Yahoo Finance daily show, “On the Move.” He is an Emmy Award winning journalist and former Fox Business correspondent. He is a regular guest on the Price of Business show. Learn more at www.yahoofinance.com
The Price of Business is one of the longest running shows of its kind in the country and is in markets coast to coast. The Host, Kevin Price, is a multi-award winning author, broadcast journalist, and syndicated columnist. He is Editor at Large for this site. Learn more about the show and its digital partners at www.PriceofBusiness.com.
CHECK OUT ADAM SHAPIRO’S VISITS ON THE PRICE OF BUSINESS SHOW HERE
LISTEN TO THE INTERVIEW IN ITS ENTIRETY HERE
