Is the Party Over for Tech Stocks?
Dodge Dorland, Chief Investment Officer, Landor & Fuest Capital Managers, New York
Concerns about Facebook’s management of user data sparked a selloff in tech shares on Monday.
Is this the beginning of the end for the tech party?
Zooming into Facebook, its market value has dropped over US$40 billion (RM156 billion) in the space of just two days. That is roughly the size of Jordan or Lithuania's entire economy.
We ask Dodge if this is a buying opportunity for Facebook shares.
We also discuss the expectation of a rate hike following the Fed meeting today and the potential of more tariffs coming out from the US.
Presented by: Joyce Goh
Download the BFM mobile app. Stay at home and stay up-to-date.