Tech stocks slump amid fears of regulatory clampdown

Follows Cambridge Analytica scandal

Mike Sheen
The tech-heavy Nasdaq index is down 8.42% since Monday 12 March

The tech-heavy Nasdaq index is down 8.42% since Monday 12 March

The largest tech stocks have continued their decline amid growing investor fears of an impending global regulatory crackdown on the sector, following revelations about Facebook's involvement in the Cambridge Analytica data abuse scandal.

Facebook's value fell from $185.09 per share on 16 March to $152.22 on 27 March, though this is still above the levels seen a year ago, when shares were valued at $142.65, but well down from its one-year...

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