Opinion

Sifting through the wreckage of the big tech sell off

Peter Griffin
Thu, 05 May 2022

Sifting through the wreckage of the big tech sell off

Netflix expects two million more subscriber cancellations by mid-year. (Image: Getty)

Peter Griffin
Thu, 05 May 2022

If you loaded up your Sharesies account with high-growth tech stocks last year, it might pay to avoid looking at the app for a while.The markets have gone bear on tech stocks in a big way as the war in Ukraine, ongoing supply chain issues resulting from the pandemic, the highest rates of inflation in decades and the United States Federal Reserve hiking interest rates weigh heavily on stocks that have grown massively in value in recent years.Those macro factors are bad enough. But the panicky response to Netflix reporting its first drop in subsc...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Primary Sector

Another class action against A2, this time in Auckland

Rebecca Howard | Wed, 18 May 2022

The opt-in class action has been filed in the Auckland High Court and already includes one financial institution.

Infrastructure

Argosy's property income slips as portfolio's value rises

Jenny Ruth | Wed, 18 May 2022

Argosy will pay out more in dividends than adjusted funds from operations, as foreshadowed a year ago.

Primary Sector

Fed Farmers' Lewis stepping down after 17 years

Rebecca Howard | Wed, 18 May 2022

Federated Farmers board member Chris Lewis said it was time for change within the organisation.

Partner content

What’s driving the ram raids, and what shop owners can do

Scott La Franchie explains the motivations behind the spate of burglaries.

Partner content

Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.

Sifting through the wreckage of the big tech sell off

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team