Europe, Sara Frier, CEO discussed on


Sell off in you us techstocks has spread to europe and asia europe stock six hundred does down more than one percent half of the msci asia pacific index finished the day lower by one point three percent thomas murphy is a partner at a scallop partners i think technology's been a hiding place for investors for a while because technology is seen as the part of the market that's not interest rate sensitive so money's been parked there it's part of the reason for the us leading the charge on global economic recovery so that's all been positive but at the moment we're starting to say to clients let's watch this carefully some tech stocks we're watching this morning including tesla and twitter tesla fell to the lowest level in a year after the national transportation safety board says it's investigating a fatal crash involving one of the copies cars alice also voiced concern that production targets for the model three sedan won't be met tesla shares are down almost two percent early trading on top of yesterday's eight percent decline twitter found thrown percent yesterday after shortsellers citron research said it was betting against the company and shares are down another one point three percent this morning we get the details from bloomberg's charlie pellett twin cites potential privacy regulations it said it was taking a short position in twitter stock the firm pointed toward the criticism of rival social network facebook after reports that a political consulting firm improperly gained access to the personal data of fifty million facebook users charlie pellett bloomberg daybreak thanks rally shares of facebook fell five percent during yesterday's sell off and they are a doubt another three quarters of sent in early trading concerns are mounting over the company's data scandal and now we're learning that ceo mark zuckerberg could soon make his way to capitol hill bloomberg sara frier has details telling you that he has decided he will testify the dates are still in flux but certainly zuckerberg is going to try to come out and reassure everyone that facebook has their best interests in mind when it comes to their data.

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