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Nasdaq drops, enters correction territory as regulation fears batter Alphabet, Facebook and Apple

Stocks fell as buyers fretted over the opportunity of tech giants like Alphabet and Facebook dealing with tighter rules.
Stocks fell as investors fretted over the possibility of tech giants like Alphabet and Facebook facing tighter regulations.

Original article
Original article
Author: Cnbc

Cnbc has recently written 10 articles on similar topics including :
  1. "Facebook on Friday took a shot at Apple, saying the company will only be able to pay small businesses a portion of sales from a new paid online events feature as a result of the iOS App Store's policies". (August 15, 2020)
  2. "Bitcoin jumped Tuesday following the release of the highly anticipated CPI report". (December 13, 2022)
  3. "It's been a brutal year for tech stocks, which means there may be opportunities for investors to scoop up some names at a good price". (December 3, 2022)
  4. "Bitcoin hit a record high on Wednesday in anticipation of Coinbase's direct listing. According to Mark Cuban, this isn't the peak for the cryptocurrency, but it's still volatile". (April 15, 2021)
  5. "Founder and CEO Mark Zuckerberg has reshuffled his deck of lieutenants while remaining one of the few constants at the helm of the company. Here are the key execs who helped him guide the company's stock to an all-time high". (May 23, 2020)
  6. "Facebook on Friday announced a slew of new video-calling features including Messenger Rooms, which allows users to host video calls of up to 50 people". (April 24, 2020)
  7. "Facebook had previously warned that iOS 14 could impact its advertising business, but the company's blog post on Wednesday outlined just how specific that impact could be. The Facebook Audience Network allows mobile software developers to provide in-app advertisements targeted to users based on Facebook's data". (August 26, 2020)
  8. "The announcement brings Google Play's policies in line with Apple's App Store policies, which have come under fire from developers and regulators over several issues, including its own 30% cut". (September 28, 2020)
  9. "The ability to live broadcast Messenger Rooms calls could pose another threat to Zoom, which allows paid users to livestream video calls to services like Facebook, Google's YouTube and Amazon's Twitch". (July 23, 2020)
  10. "Facebook CEO Mark Zuckerberg on Tuesday told employees he was standing firm in the company's decision not to moderate a post in which President Trump said "when the looting starts, the shooting starts". (June 2, 2020)
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