Let’s start today with a few numbers:
81.
73.
57.
45.
These are not winning numbers for the $1.9 billion Powerball drawing.
They are the percent declines for Snap Inc. (NYSE: SNAP), Meta Inc. (Nasdaq: META), Netflix Inc. (Nasdaq: NFLX) and Amazon.com Inc. (Nasdaq: AMZN) in 2022.
Tech stocks crashing back down to Earth is nothing new.
It’s reminiscent of what we saw 22 years ago.
This post appeared first on Money & Markets, LLC.