Hello, and welcome to the Wednesday edition of the Insider Tech newsletter, where we break down the biggest news in tech.
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This week: A tell-tale week for the tech selloff
The stock market’s collective conviction that tech is a safe harbor amid the turmoil of the pandemic has been shaken. After defying gravity for a long time, tech stocks are suddenly losing altitude: Apple lost its $2 trillion valuation (perhaps only temporarily), and Amazon’s decoupled king and queen — Jeff Bezos and MacKenzie Scott — each suffered multi-billion dollar declines in their net worths.
Are we looking at the start of another dotcom-like debacle for tech, or just an unsettling burp as the tech industry