Tech Stocks Are Getting a Comeuppance

“Tech selloff spreads,” says the Wall Street Journal. But just how bad is it? Here’s the performance of a few selected tech stocks since summer:

Microsoft is up 3 percent, but that’s about it. Everyone else is down, even mighty Apple—which has further problems on its hands since apparently its new line of iPhones isn’t selling very well. As for Facebook, well, it’s now on a steady, inexorable decline. No wonder Mark Zuckerberg thinks they’re at war. Any company that loses a third of its value in half a year is sure at war with somebody.

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DEFEND THE TRUTH. DEFEND JOURNALISM.

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things it doesn’t like—which is most things that are true.

We’ll say it loud and clear: At Mother Jones, no one gets to tell us what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please do your part and help us reach our $150,000 membership goal by May 31.

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