It’s no secret to most that tech stocks are sinking just as fast as crypto. On Monday, Snapchat announced some problems regarding revenues and profits after already plunging a long way in the past year. In September they were at $83 a share. Monday? $22. Tuesday, after announcements, $13 and change. The ripples affected other tech stocks, which have also been struggling. I’m fond of tech, but I also realize that the industry hasn’t been innovative or adaptive in the past few years. Each company needs to reflect on how they can improve the world.

Shares for Snap were down more than 25% in after-hours trading Monday.

Found at www.axios.com