Tech stocks can keep falling. Where a Wall St icon is looking instead

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Chanticleer

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Investors are being forced to re-think the capital-lite shares they once loved. Hedge fund legend Dan Loeb is going in a very different direction.

It’s about a year and three weeks since some of the world’s richest tech billionaires crowded inside the US Capitol rotunda as part of a selected group chosen to witness the second inauguration of Donald Trump.

The picture of Meta Platforms’ Mark Zuckerberg, Amazon founder Jeff Bezos and wife Lauren Sanchez Bezos, Alphabet chief executive Sundar Pichai and Elon Musk was supposed to be a moment – the tech bros swinging from the left to the right, and swinging behind Trump.

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is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine.Connect with James on Twitter.Email James at j.thomson@afr.com

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