Technology and growth companies have taken a blow in recent months as interest rate hikes, accelerating inflation, and dismay surrounding Russia and Ukraine continue to spook the global economy. As a result, shares of the financial technology titans PayPal Holdings (NASDAQ: PYPL) and Block (NYSE: SQ) have nosedived of late, shedding 63% and 53% of their market value, respectively, in the past six months. Read More...
Technology and growth companies have taken a blow in recent months as interest rate hikes, accelerating inflation, and dismay surrounding Russia and Ukraine continue to spook the global economy. As a result, shares of the financial technology titans PayPal Holdings (NASDAQ: PYPL) and Block (NYSE: SQ) have nosedived of late, shedding 63% and 53% of their market value, respectively, in the past six months.
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