oday, March 9th, the stock market suffered a historic fall . The dollar reached R$4.79 and the circuit breaker was activated , something that had not happened since May 2017. Amidst this chaos and constant fluctuations, the technology sector could suffer a major impact. Continue reading to find out more.
The Ibovespa fell 4.65% to 102,233 points.
At its lowest point of the session, the index reached 100,536 points. At its highest point, it reached 107,216 points.
This decline could affect the technology sector in several ways, especially multinational companies or those that invest in external software and programs. These numbers are worrying and could leave thousands of people at a loss.
This fall in the stock market could impact the technology sector in the following sectors:
Software purchase
Companies that purchase software abroad may go over budget due to the high dollar exchange rate. Software from larger companies may be priced much higher than normal, which can lead to losses for buyers, especially if they use these tools regularly.
With the dollar closing at R$4.72, these softwares can surpass the R$1,500.00 monthly mark.
Cloud Hosting
Cloud hosting, or simply cloud computing, aims to facilitate business routines by storing all important information in one place. The price of these services may vary depending on the hosting chosen.
Since most of these software are saudi arabia phone number data priced in dollars, companies that use this method may be at a disadvantage.
When we talk about the stock market, the term ‘investment’ is one of the first that comes to mind. With this historic drop, investing in shares of technology companies, such as each traffic source has its own Apple or Yahoo, may not yield significant results. If you are thinking about starting to invest, now is not the best time to do so.
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