It would be like SVB all over again. Small governemnt, anti bailout, pull yourselves up by your bootstraps tech CEOs on TV crying and begging for someone to cover their losses.
I don't think that is likely this time. Injecting capital to cover losses doesn't bring back the forward looking valuations so stock prices would remain down anyway. Gov isn't going to fund losses for like Microsoft.
The top 10% will not be left holding the bag. They will get a bailout by the taxpayer in some form or another, like quantitative easing (Fed purchasing) or some national security plan spending trillions. Note almost all members of US Congress, both parties, invests in these stocks heavily.
Airline CEOs, Auto CEOs, Bank CEOs have all done it in the not distant past. Eventually, you have to fly the private jet to Washington and sit at a comittee and beg.
Tech CEOs are not as special as they think they are, one day they too will be there begging, like a dog.
