Are we seeing an “overdue resumption of sanity” in the technology sector? asks Richard Holway of Techmarket View.
Last week the New York initial public offering of King, the producer of addictive game Candy Crush Saga, fell by almost a fifth in three days. It had been valued at $7bn, which seems a bit much for a game that merely consists of “matching little coloured thingies” on your smartphone or tablet, says Jeff Sommer on Nytimes.com.
The King flop merely highlighted the broader retreat in technology stocks over the past month. The Nasdaq Internet index has slid by 10% from [...]
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