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Disappointing Meta, PayPal Earnings Send Shudders Through Stock Market

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The technology stock rally that led the market’s dizzying rally from the depths of the pandemic is coming under pressure: Shares of Facebook’s parent company, PayPal Holdings and Spotify have lost $270 billion of market value in the past two days

The technology stock rally that led the market’s dizzying rally from the depths of the pandemic is, PayPal Holdings Inc. and Spotify Technology SA have lost $270 billion of market value in the past two days, following earnings reports and financial forecasts that disappointed investors.

 

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