The downgrade of the U.S. credit rating has sent tech-stocks plummeting below their initial public offerings. Companies like LinkedIn and Pandora have had its shares drop as much as 10% since last week. Will this be the end of vague multibillion-dollar valuations on tech companies? Probably not. Read the full article at Reuters.com
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.