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2023-01-03 Economy
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NASDAQ Down all four quarters in 2022 (a first)
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[CNBC] This year marks the first time the Nasdaq has ever fallen all four quarters. It dropped 9.1% in the first three months of the year, followed by a second-quarter plunge of 22% and a third-quarter decline of 4.1%. It fell 1% in the fourth quarter because of an 8.7% drop in December....
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In 2022, the company formerly known as Facebook lost roughly two-thirds of its value as investors balked at a future in the metaverse. Tesla fell by a similar amount, as the carmaker long valued like a tech company crashed into reality. Amazon dropped by half. The IPO market this year was non-existent, but many of the companies that went public last year at astronomical valuations lost 80% or more of their value.
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Posted by lord garth 2023-01-03 00:00||
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Posted by Mad Eye Omeretch7959 2023-01-03 17:10||
2023-01-03 17:10||
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