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WORK - Why Pinterest Square and Slack Tech Stocks Just Melted Down
Slack Technologies Inc. Class A
Monday got off to an inauspicious start with the various stock market indexes falling anywhere from 2% to 3%. Tech stocks , which have soared this year, took it on the chin especially hard today.
As of 2:30 p.m. EDT shares of Pinterest (NYSE: PINS) are down 5.7%, Square (NYSE: SQ) has slipped 4.7%, and Slack Technologies (NYSE: WORK) fell 4.2%. But why are they down?