News Formal

Tech stocks: Is the worst still to come?

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The best companies have already lost more than a fifth of their value, and marginal players have been struck by lightning and turned into ash

Ominously, IM was finishing this piece on Friday the 13th. In truth, the market has felt like Friday the 13th for several months. This is especially true for the tech sector, where the Grim Reaper has been wielding his scythe without mercy.

We may as well start with the market darlings. So much for Faang, an acronym that used to stand for tech firms Facebook, Amazon, Apple, Netflix and Google. But not only does the acronym no longer work , but the entire investment thesis appears to have fallen over...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia shares join global rebound as Fed hike fears ease, China tech boost - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Asian shares extended overnight global gains thanks to strong results from regional tech firms and US retailers, while investors also took comfort from Federal Reserve minutes showing a pause to its rate hikes is on the cards later this year.
Source: SABCNews - 🏆 37. / 51 Read more »