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It Was A Bad Day For The Nation's Top Tech Giants

posted by Bill Strange - 

The world's richest man is down $9,000,000,000 after an abysmal day on Wall Street.  Amazon's Jeff Bezos is just one of the leaders of tech companies who lost a lot of money Wednesday as the market took a major downturn.  Amazon's stock fell more than 6%.  Six other tech billionaires who rank among the top 20 richest people in the world also lost almost $12,000,000,000 in value combined.  That includes Google's co-founders Larry Page and Sergey Brin as well Mark Zuckerberg of Facebook.  Analysts say the market is reacting to a number of factors, including higher interest rates and the escalation of a trade war with China.  Tech stocks have taken the hardest hit and they are dragging down everything else.  The Dow Jones Average lost more than 800-points on Wednesday.

Photo: AOL

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