The brutal sell-off in loss-making technology stocks over the last three months, capped by Facebook’s stunning fall, reveals some key trends and lessons for all investors and leaders.
The Facebook result, and the market’s reaction to its warnings over a tougher regulatory environment on harvesting third-party customer data, is a structural shift that will produce winners and losers.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
