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Friday 27 July 2018

Big tech stocks tumble

Facebook's down 20% and Twitter's down 14%, for reasons that everyone now says are obvious.

But the same pundit class was boosting them until reality bit:

One of the funny things about news aggregators is how they fail to notice and adapt to changes in breaking or ongoing stories. Yesterday's confident bullshit gets to stay up with today's naked truth, competing with it until no-one's left who believes anything there.

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