Stock market's 2016 rout has tech firms reeling – and may prove fatal for some

Discussion in 'Market News' started by Lily, Jan 14, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Across the sector shares – including Apple, Alphabet, Twitter and Facebook – have tumbled and smaller companies such as GoPro have not recovered

    As 2016 ushers in one of the worst stock market routs in years, cracks in the tech sector have suddenly widened from mild to serious and in some cases, potentially fatal. Shares of tech giants from Apple to Alphabet to Netflix took immediate hits when the market opened, and smaller companies like GoPro – down more than 24% in one day – have not recovered.

    Related: Apple shares fall after reports of cuts to iPhone 6S and 6S Plus production

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