• Amazon, Facebook, and other tech stocks may be a 'disaster waiting to happen,' investor Bill Smead says

    5 days ago - By Business Insider

    Jeff Bezos.
    Drew Angerer/Getty Images
    Technology stocks could be a "disaster waiting to happen," the bosses of Smead Capital Management said in their third-quarter newsletter this week. Amazon, Facebook, Apple, and Google wield monopoly power over their addicted users, and the pandemic has only increased people's reliance on their products and services, Bill Smead and his team said. Tech investors could face brutal losses if regulators dismantle the companies and tax them more effectively, they said. Smead and his team are betting on companies that provide necessities such as Target and...
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