Tech Investors Don’t Seem to Mind All the Antitrust Probes

Around the world, watchdogs have extracted billions of dollars in fines from Big Tech after lengthy investigations. And they’re gearing up for more. Yet as the companies take a beating at home and abroad, investors have been mostly unfazed. Shares of Facebook Inc. and Apple Inc. are up more than 40% so far this year, with the iPhone maker trading near record highs, while Amazon.com Inc. and Alphabet Inc. are up about 20%.

Yet look more closely and you’ll see that the shares of all four occasionally have bent under the pressure of the nonstop techlash. Some experts say a higher level of tech stock volatility in 2020 could force investors to drop their this-too-shall-pass insouciance. And a slump in tech stocks could drag down the broader market.