Tech stocks notch worst two-week stretch since the start of pandemic

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What started off as a 3rd-quarter rebound has turned into a flop for tech investors.

The Nasdaq Composite tumbled 5.1% this 7 days just after losing 5.5% the prior 7 days. That marks the worst two-7 days stretch for the tech-major index because it plunged more than 20% in March 2020 at the begin of the Covid-19 pandemic in the U.S.

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Meta is a buy as the social media giant embarks on plan to slash costs
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Meta is a obtain as the social media large embarks on plan to slash costs

With the third quarter set to wrap up upcoming week, the Nasdaq is poised to notch losses for a 3rd straight

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All the worst Bay Area tech company behavior of 2022 so far

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There’s no escaping the tech industry when you live in San Francisco, but ever since the beginning of the pandemic, it can feel as if the tech industry itself is trying to escape the city by the bay.

The theme of the past couple of years in Silicon Valley has largely been one of exodus, which continued this year with companies like Slack and Robinhood pivoting to remote work policies. The familiar perks that come with those offices are also slowly being put into question, with Meta doing away with laundry service and the architect behind Google’s campus speaking out   Read more