Tech Titans 1Q2021 The Last Days of Tech Titans? Last year was amazing if you were a Tech Titan. Facebook bombed. Apple crushed it. Amazon confusing. They are no longer traveling as a market cap pack. Negative number: Amazon free cash flow is going south. On purpose. Spending into the holiday supply chain. But what will happen next? Special bonus: a review of the tech titan’s mountain of cash spending on R&D, not just share buy backs. How are the tech titans shaping our future with 1/4 of US R&D spend controlled by the titans.