The numbers clearly show that DotCom bubble 2.0 is bursting with many tech stocks down double digit percentages. Orange County is home to many technology firms, and many technology investors, and many aren’t happy right now as they watch their wealth evaporate.
The numbers are ugly and there appears to be no end in sight. LinkedIn -60%, Twitter -70%, Yahoo -39% and Netflix -37%. Even heavy hitters like Facebook and Amazon have seen sharp declines in their stock prices.
Michael Snyder lays it all out in a great article you can read on his blog.