Scheme dependent on US tech giants’ success as corporation loses viewers to new platforms

BBC staff may be struggling with the challenge posed by US tech giants such as Netflix, Amazon, Google and Facebook, but the corporation’s pension fund has made substantial bets on their continued financial success.

The fund’s largest individual stock market investment is a stake in Amazon worth £48m, according to newly released figures. Other major holdings include a £43m stake in Google parent company Alphabet, £35m of shares in Facebook, a £24m stake in Apple and £23m of investment in Netflix.

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