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Facebook and Google stocks dive on fears of competition probe

  • 📰 SkyNews
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  • News: 13%
  • Publisher: 67%

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Investors flee from risk as it emerges large tech firms are facing greater competition scrutiny in the United States.

Tech stocks had already been feeling pain over worries about the effects of the US-China trade warShares in Facebook and Google's parent were among tech stocks to be bruised on growing investor fears of US investigations into whether they misuse their market power.

Facebook lost 7.5% of its market value by the close of trading on Monday while Alphabet was more than 6% off on reports the government was to launch a so-called antitrust inquiry.The tech-heavy Nasdaq later confirmed it had entered correction territory - falling more than 10% since its April peak in a sell-off mostly linked to the continuing US-China trade war.

There was no official confirmation of this or whether any of the companies were actually facing such a probe.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 35. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Proper order, Trump has brought this on with the sanctions. Thanks Donald 😜

Good. Too big for their britches.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

US tech stocks slide as Google, Facebook and Apple fear antitrust investigationsUS government reportedly considering separate investigations into whether tech giants are engaged in anti-competitive practices
출처: The Guardian - 🏆 84. / 53 더 많은 것을 읽으십시오 »