Briefing
markets

Stocks Slump Again, but Impact on Tech Varies Widely

By
Kevin Dugan
· · Source: The Information

Shares of Amazon are emerging as a good bet during these tumultuous times. As the stock market plunged 7% on Wednesday, Amazon fell just 1.4% while other big tech stocks like Apple and Google dropped more than 4%. In contrast, Uber shares fell 26% while Lyft dropped 14%. The ride-sharing companies are facing a collapse in their business due to the coronavirus lockdowns on people’s movements. ...

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