You can take this a step further and pin it on market manipulations by the federal reserve rather than the stock market itself. During the pandemic response tr

You can take this a step further and pin it on market manipulations by the federal reserve rather than the stock market itself. During the pandemic response trillions of dollars werr poured into the system, primarily by giving the new cash to banks at the top of the funnel. This money had to go somewhere and it was largely thrown at tech companies, seeing as they were more likely than other industries to continue to function when the government decided to shut down large portions of our society. Tech companies can only do so much with a huge influx in cash, hiring and stock buy backs are an easy way to burn through the cash and appear to be a healthy and growing company.