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Tech darlings tumble as investors sour on sector – The Australian Financial Review

The value of Zip has more than halved in three months, while Afterpay shares have fallen more than 45 per cent since February.

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The buy now, pay later companys shares have fallen more than 45 per cent since February when they reached a sharemarket peak as the enthusiasm that propelled the companys share price ever higher last year endured.
Appen, a data company, has tumbled three quarters from a peak in August last year. Xero, a cloud computing company, fell more than 16 per cent in two days to the close of trading on Friday after revealing a slow-down in revenue growth.
The declines for tech stocks comes after their share…

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