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Tech stocks experiencing decline

Tech Stocks Experiencing Sharp Declines

Despite an era where consumers have adopted more technology than ever before through work-from-home schedules, cryptocurrencies, and exciting new technologies, in recent months, many tech stocks are experiencing sharp declines.

According to the New York Times, “Share prices of some unicorn start-ups have fallen as much as 44 percent in recent months.”

Take a look at some of the top companies whose tech stocks are experiencing sharp declines:

  • Apple: Down 15%
  • Airbnb: Down 28%
  • Netflix: Lost half its value since mid-April

Even novel tech companies offering a product many seem to want, Bitcoin, rose to $68,000.00 in November, but now, it’s fallen to $28,600.00.

So, why are many unicorn tech companies and giants of the industry experiencing sharp declines? Phil Haslett of EquityZen says, “The number of people and groups trying to unload their start-up shares doubled in the first three months of the year from late last year.” He also added, “It’s the first sustained pullback in the market that people have seen in legitimately 10 years.”

Stay up-to-date on relevant news to the technology industry through the APC Blog. We feature articles that spotlight thought-leadership topics that provide a range of information on tips for Hiring Managers and professionals, as well as top technology news.

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