Technology Slump Fuels Concern Startup Values May Follow
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The decline in publicly traded technology stocks is fueling concern that Silicon Valley startups will follow with plummeting valuations.
In the past month, Amazon.com Inc., Facebook Inc., TripAdvisor Inc. and Netflix Inc. have plunged at least 13 percent each. The trading days of April 10 and 11 marked the Nasdaq Composite Index’s biggest two-day drop since 2011 and the index is off more than 7 percent since early March.