Sifting through the wreckage of the big tech sell off

Sifting through the wreckage of the big tech sell off
Netflix expects two million more subscriber cancellations by mid-year. (Image: Getty)
Peter Griffin
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...

More Opinion

RBNZ's inflation target conundrum
Economy

Cameron Bagrie: RBNZ's inflation target conundrum

A debate is pending on the inflation target as economic pain rises.

Digital currency's big privacy and security issues
Opinion

Peter Griffin: Digital currency's big privacy and security issues

Scheme may be a bridge too far unless it comes with watertight assurances.

Fletcher steels its nerves
Opinion

Paul McBeth: Fletcher steels its nerves

The building giant’s steel restructuring shouldn’t have surprised anyone.

Paul McBeth 23 Apr 2024