The modern world is ruled by technology. It is a no-brainer fact that even school kids understand very well. It’s such a lucrative market with billions of people owning tech gadgets like smartphones, laptops, computers, and other household and communication appliances that come at a hefty price, so you can always be sure there is a demand for it. Most big businesses nowadays are related to technology like Google, Facebook, Microsoft, Apple, Samsung, etc. They have been shaping society over the past few decades and they sure have made lots of money all this time despite being involved in a handful of controversies over time.
But despite the big profits these companies are making, there are undeniable losses too. Not all their gimmicks click to people and they often have to incur millions of losses on a few business risks they have taken. The drop in tech shares in the market as of late is a testament to how unstable the technology industry is and any small changes can have big implications on these businesses and millions more who rely on their products and services in their daily lives.
U.S. stocks are mixed Monday as Facebook and other technology companies open the week with losses. Media companies are rising following a report that Charter Communications might be bought by a Japanese technology company, and cable network companies Scripps Networks and Discovery Communications agreed to combine. Banks are also trading higher.
KEEPING SCORE: The Standard & Poor’s 500 index added 2 points, or 0.1 percent, to