Apple, Google & Yahoo stocks plunged!

I have been monitoring US stocks in the last couple of days and today I noticed that something bad had happened to key US technology stocks; Apple, Google and Yahoo.

Apple is currently down by a massive 13%, Google down by 7% and Yahoo took a slight dive a 6%. They all went down earlier today!

This is getting pretty scary, folks! As an internet marketer, I’m really worried!

That was the bad news and now for a little good news, very surprising good news brought to you by Erick Schonfeld from TechCrunch. He said that the troubled US economy didn’t affect startup companies at all. Erick discovered that VC (venture capital) firms continue to dump money on startup companies even though the economy is failing!

So far the downward spiral of credit and financial markets seems to have left venture capital firms and startups relatively unharmed. Even though the IPO market closed completely in the second quarter (and opened again only slightly in the third), venture capital firms continue to raise money and invest in startups at a healthy pace.

Source: TechCrunch

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Apple stock plunging, Google stock diving, Yahoo stock melting
VCs (And Startups) Won’t Be Immune To The Credit Crunch