What’s with the Weebit (ASX:WBT) share price sinking 6% today?

The Weebit Nano Ltd (ASX: WBT) share price is sinking in early-afternoon trade despite the company announcing two new filed patents.

At the time of writing, the memory technology company’s shares are down 5.83% to $1.94.

Let’s take a quick look at the company’s update today and why the Weebit share price is falling.

Why is the Weebit share price falling?

The Weebit share price may be losing ground today despite its positive announcement as investors sell off their positions due to renewed pandemic fears. A potential fourth wave of COVID-19 and a new strain variant could hit the United States, which has sent worldwide markets…