Chart of the week: The tech industry price slide

Share prices in the technology sector are no longer at their bubble-level highs. But valuations are still absurdly overpriced.

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Air has been hissing out of the technology bubble since March. This looks set to continue as investors seem to have realised they got a bit carried away, says the Wall Street Journal.

Twitter is still on 285 times next year's earnings, down from over 1,000 in March. The forwardprice-to-earnings ratios of other social media stocks are still eye-watering too.

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