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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Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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