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Atlassian shares tumble after latest $65 million loss

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Atlassian shares dropped more than seven percent in trading late last week, despite the Australian-based company reporting Q2 results that topped analysts’ estimates and issuing an optimistic forecast. The shares shed nearly five percent on Thursday and a further 2.5 percent  on Friday. The company had reported a dramatically deeper loss of US$65 million for … Read more

Bloody Monday: New Tech Stocks Sell-Off Stokes Industry Fear

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Technology stocks including Facebook, Microsoft and Alphabet went into free fall on Wall Street, over worries that the top-performing sector is falling out of favour and investors are looking elsewhere for cheaper opportunities. Facebook fell 4.6 percent, on track for its worst day in nearly a year and eliminating over US$20 billion of its market … Read more