The financial markets has not functioned in the way you think it functions for a long time.
Institutional investors (banks, mutual funds, hedge funds, etc.) control 80% of the market, while retail investors (people like you and me) controls 20%. You guys wanna take a guess as to who the institutional investors favor, by a long shot? Also, to get deeper into this, a lot of institutional investors are passive investors (ETFs), which means they just passively buy stocks, regardless of expected performance.
The takeaway from this is that if you think retail investors (you and me) can still have an impact on stock prices, you are being too idealistic.
Not to say that their stock prices won't drop a bit on Monday, but if you are expecting actual significant impact (drops of -10% or worse) on these companies, I wouldn't hold my breathe.
Edit: I do agree that longer term, we may be able to make a difference. But in the short-term, I wouldn't expect anything drastic so don't be disappointed. Hold steadfast and we may be able to see results in 1-2 years!
I was thinking about this yesterday when someone had mentioned teaching Amazon a lesson by boycotting them. They have government contracts and do a lot more than sell goods and host websites. It would take a global boycott by governments
Yeah, we cancelled our Amazon account not because we think it'll hurt them but because we just can't stomach using them anymore.
I completely support that move but they’re into everything. These big tech companies have nested in our government/civil services. Even the stuff you get from other places probably used Amazon at some point. Meaning there’s no way to NOT support them financially unless you make everything yourself and you personally sourced the material or harvested the food.
Yep agreed. These are the real robber barons of the 21st Century.