Internet stocks had been facing a hard time yesterday after it decreased by almost 130 points on the NASDAQ. This was the worst slumped for internet stocks since 2012. Last year, Splunk and FireEye were the most well-known technology firms on public debut, said TechCrunch. Their stocks also experienced a decrease of more than 10 percent.
Internet stocks are greatly dependent on points as this would determine their value and success in the venture industry. TechCrunch reported that startups had been basing their final value on IPO or by means of mergers and acquisitions. Therefore, whatever the effects may be could send a crippling effect to a startup in the market.
Meanwhile, startup founders have little chances to change the result of stock prices. It would always be significant to be aware of the trends in the public markets. Startups could go back to the basics along with looking at the market cycles for a better chance towards success, said TechCrunch.
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