Washington’s antitrust investigations into big tech are probably years away from finishing. But already Facebook, at least, appears to be getting hit by a “regulatory tax” of at least $160 billion—on its stock price.
The social networking giant is trading at the lowest valuation, relative to its earnings growth rate, of the four big tech firms facing antitrust scrutiny from the federal government, our analysis shows. That group also includes Apple, Amazon and Alphabet.
