Twitter, Apple, and Google Stocks Tumble on ‘Black Monday’

[AditiArora]

THE GLOBAL STOCK market took a significant tumble yesterday, amid concerns over China’s “ Black Monday,” and the slide hit some of Silicon Valley’s biggest tech companies, including Apple, Google, Twitter, and Facebook.When the stock markets opened in New York on Monday, share prices fell for all four of these giants. At their lowest points, Twitter was down 17.2 percent, Facebook 12.6 percent, Apple 11 percent, and Google 7.9 percent.

[sonia sharma]

An international business professor Roy Smith says that the US market may have been due for a correction. “Tech stocks may have been somewhat overvalued anyway, if they were counting on the huge Chinese retail market to suck up the products and services of the big US tech firms.

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