Tech stocks slump amid fears of regulatory clampdown

Follows Cambridge Analytica scandal

The largest tech stocks have continued their decline amid growing investor fears of an impending global regulatory crackdown on the sector, following revelations about Facebook's involvement in the Cambridge Analytica data abuse scandal.

Facebook's value fell from $185.09 per share on 16 March to $152.22 on 27 March, though this is still above the levels seen a year ago, when shares were valued at $142.65, but well down from its one-year high of $193.09 on 1 February 2018. In today's trading the stock is up 1.3% at $155.08.  Kames' Goddin: Global tech boom is 'nowhere near bubble territory' Meanwhile Google shares have fallen rapidly from $1,165.93 on 12 March to $1,005.18 on 29 March. The shares are also down from a 26 January one-year peak of $1,187.56, but up from 29 March last year when they were valued at $849.87...