Tech Selloff Resumes After Zuckerberg Breaks His Silence
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The morning after Facebook Inc. Chief Executive Mark Zuckerberg acknowledged the social network’s mishandling of user data, technology stocks are feeling the wrath.
Facebook helped pace the group lower, falling as much as 2.5 percent before paring losses, amid broad weakness in U.S. equities. This week’s selloff in tech stocks is on pace to be the worst since early February. Other notable decliners Thursday included Accenture Plc and Micron Technology Inc., which reports fiscal second-quarter earnings after the close of trading.