FILE PHOTO: Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease continues in the Manhattan borough of New York, U.S., May 27, 2020. REUTERS/Lucas Jackson
The tech-heavy Nasdaq Composite fell 0.5% early Tuesday, while the broad S&P 500 posted small gains, marking the second consecutive day that the Nasdaq underperformed the overall market. Further economic shutdowns in California, which has seen a surge in coronavirus cases, could also weigh on tech and growth stocks, said Spreadex analyst Connor Campbell.
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Bubble
Because most of them have never actually made money. They just live off VC float until the creators can offload their shares at wildly inflated prices.
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