If large cap tech experiences continued challenges in regards to its upward momentum, look for a reset in US equity prices that may well shave as much as 5% off index levels.
Ten years ago this week, the iPhone went on sale. With the iPhone (and Google’s imitator, Android), we became, for the first time, a society of people who were online continuously—wherever we went. Steve Jobs had unveiled the iPhone onstage in January 2007, but the phone he displayed wasn’t anywhere near finished.
Google’s self-professed mission is to organize the world’s information. Nearly two years ago, Google co-founder Larry Page announced the tech giant would be remade as Alphabet, a holding company whose units would include Google and an array of unrelated pursuits in areas such as healthcare, self-driving cars and urban planning. Previously those riskier ventures had been lumped into Google's overall financial results.