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๐Ÿ†“๐—œ๐—ป๐˜๐—ฒ๐—ฟ๐—ป๐—ฒ๐˜๐—ฆ๐—ฒ๐—ฟ๐˜ƒ๐—ถ๐—ฐ๐—ฒ ๐—ฃ๐—ฟ๐—ผ๐˜ƒ๐—ถ๐—ฑ๐—ฒ๐—ฟ๐˜€ใ€”๐—–๐—ต๐—ฎ๐˜๐˜€ใ€• Telegram | DID YOU KNOW?

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A project of our size needs at least a few hundred million dollars per year to keep going,โ€ Mr. Durov wrote in his public channel on Telegram late last year. โ€œWhile doing that, we will remain independent and stay true to our values, redefining how a tech company should operate.

Spiking bond yields driving sharp losses in tech stocks

A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year. A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.

๐Ÿ†“๐—œ๐—ป๐˜๐—ฒ๐—ฟ๐—ป๐—ฒ๐˜๐—ฆ๐—ฒ๐—ฟ๐˜ƒ๐—ถ๐—ฐ๐—ฒ ๐—ฃ๐—ฟ๐—ผ๐˜ƒ๐—ถ๐—ฑ๐—ฒ๐—ฟ๐˜€ใ€”๐—–๐—ต๐—ฎ๐˜๐˜€ใ€• from UA

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