• The Daily Crunch: Tech stocks hammered after US Treasury Secretary speculates on hiking interest rates

    4 days ago - By TechCrunch

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    Are startup valuations about to fall?
    Hello, friends! Alex here to talk to you for a hot second about money. Then we'll get into startups, venture capital, what Big Tech is up to and more. I promise. But hang with me for a moment.
    Tech stocks got hammered today: The tech-heavy Nasdaq fell by more than 2%. Cloud stocks endured twice the damage. What happened? The U.S. government said that it might raise interest rates. So what? Well, when rates were low, lots...
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