Apple, Amazon Down: Maybe The Stock Market Is Rigged
This is not complicated.
Most companies would cut off crucial body parts to have the types of "problems" Apple and Amazon have:
- Brick-and-mortar and online retail dominance;
- Supply unable to meet demand; and
- Tight margins because the long-term opportunity is so freaking huge, you have no choice but to spend -- and spend aggressively -- to take full advantage of it.
What has this rigged casino of a stock market come to if we punish companies, particularly Apple, for having #firstworldproblems?
--Written by Rocco Pendola in Santa Monica, Calif.