Top

Facebook, Twitter and other tech stocks swoon amid threat of government regulation

September 7, 2018

Via: USA TODAY

The hottest stocks on Wall Street are starting to cool.

It’s not just trade war fears, rising interest rates and political turbulence at the White House giving shareholders pause. The latest angst involves technology stocks, which have hit a rough patch as investors turn cautious on a key sliver of the market that has produced the biggest gains this year. The recent tech downturn comes amid growing fears that the U.S. government could push for more regulation in fast-growing areas like social media, a business that has come under fire for not weeding out foreign interference on their platforms, including election meddling, and for allegedly stifling free speech of conservative voices.

Read More on USA TODAY