Has the tech bubble burst? Market fears as shares in industry giants plunge

Friday, February 5, 2016
By Paul Martin

SHARES in the world’s biggest technology companies plunged in today’s trading, pointing towards what could be the start of another bursting bubble.

By LANA CLEMENTS
Express.co.uk
Fri, Feb 5, 2016

Networking site LinkedIn’s value dived by more than £6billion ($9bn) with stocks falling by around 35 per cent, after the company shocked investors with a forecast for the year ahead that was well below expectations.

A number of analysts have now downgraded the stock, saying the company’s valuation is no longer justified.

But negative sentiment flowed into other stocks with Amazon shares down by six per cent, Twitter and Facebook tumbling by around five per cent and Google owner Alphabet also falling.

The Nasdaq – the American stock market that holds many of the biggest technology companies – plunged by around three per cent.

LinkedIn’s update comes after Amazon, Yahoo and Apple also last week disappointed investors in quarterly results.

And continued fears in whether Twitter can continue to grow.

Some investors now evidently believe these stocks are over-inflated and pulling the plug.

The Rest…HERE

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