Business Standard

Trending declines: Tough times ahead for tech

Next few quarters could be difficult for the tech sector. If there's a slowdown in digital retail, digital advertising, or cloud services, it will inevitably be reflected in the sector's performance


Stocks (Source: Bloomberg)

Business Standard Editorial Comment
Social networking giant Meta suffered a catastrophic 25 per cent drop in share price in one session after it announced corporate results for the July-September quarter. The stock has lost over 75 per cent in the last 12 months. Alphabet has also seen a sharp decline in share prices over the past one year. Amazon has seen a 38 per cent decline in market value during the same period and suffered a 12 per cent drop in share prices after it released results. These drawdowns are not isolated instances. The Nasdaq-100, which features 100 of the world’s largest listed tech

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First Published: Oct 31 2022 | 10:52 PM IST

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