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.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

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It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

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Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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