Transcript
A (0:00)
This is Scott Becker with the Becker Business and the Becker Private Equity podcast. We try and bring you interesting businesses daily and also an episode typically with a brilliant business leader. Today's discussion is five big time technology stocks that are having a rough year so far. So I'm just going to walk you through five of this. We watch this closely. We're an investor in some of these unfortunately, but it is what it is. Here's five of those companies. Salesforce, the famous company founded by Marc Benioff is down almost 27% year to date. Oracle, the famous company founded by Larry Ellison, down almost 18% year to date. Microsoft again, each one of these are famous big names other than ServiceNow, which is a big, big name as well, but I don't know who the founder is offhand. Microsoft, founded of course by Bill gates, down about 14 and a half percent year to date. Fourth, Amazon, founded by Jeff Bezos, down about 10.35% year to date. And finally, service now down 30.5% year to date Again. Salesforce, Mark Benioff, Oracle, Larry Ellison, Amazon, Jeff Bezos, Microsoft, Bill Gates, the famous founders of those companies. Of those Benioff and Ellison are still leading their enterprises. Benioff still leads Salesforce. Oracle, still led in large part by Larry Ellison and two CO CEOs. There's a another story about these stocks in bar charts. Short sellers making bank on Oracle stock. Should you bet against Oracle too? We'll see. I think, I think a day or two ago Oracle had a bit of a recovery, but still down significantly year to date and way off its highs that it was at last year. We'll have another discussion. I'll give you four of the big tech stocks right now that are essentially flat year to date. Nvidia Meta platforms, Google and Apple are essentially flat year to date. So not great, but faring far better than these five ServiceNow, Microsoft, Amazon, Oracle and Salesforce that are really struggling. Thank you for listening to the Becker business and the Becker private equity podcast. And thank you to our wonderful producer Chanel Bunger. Thank you very much. Every day.
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