The freefall in stocks continued on Monday with the Dow Jones losing 5.53% and the NASDAQ dropping 6.9% on news of Standard & Poors downgrading its rating of U.S. government-issued debt.
Tech stocks were not spared in the selloff, with some names – including those that recently IPO’d – falling sharper than the broader indexes. Here’s how some of the publicly-traded companies that Mashable follows fared on Monday:
LinkedIn -17.38%
eBay -8.02%
Zillow -7.35%
Pandora -7.62%
Netflix -6.00%
Google -5.70%
Yahoo -5.54%
Apple -5.46%
Microsoft -4.67%
Amazon -4.44%
Another big storyline emerging out of the last several weeks of market turmoil surrounds what will happen with yet-to-go public companies like Groupon, Zynga and even Facebook. Just a month ago, it seemed just about every Internet company to go public was soaring higher upon its debut as talk of a bubble went seemingly unanswered. Now, with major markets down more than 15% from their highs, it appears that some companies may have missed their window to IPO at a premium valuation – if at all.
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