Business
Tech darlings tumble as investors sour on sector – The Australian Financial Review
The value of Zip has more than halved in three months, while Afterpay shares have fallen more than 45 per cent since February.
The buy now, pay later companys shares have fallen more than 45 per cent since February when they reached a sharemarket peak as the enthusiasm that propelled the companys share price ever higher last year endured.
Appen, a data company, has tumbled three quarters from a peak in August last year. Xero, a cloud computing company, fell more than 16 per cent in two days to the close of trading on Friday after revealing a slow-down in revenue growth.
The declines for tech stocks comes after their share…
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