Tech Stocks Are Getting a Comeuppance

“Tech selloff spreads,” says the Wall Street Journal. But just how bad is it? Here’s the performance of a few selected tech stocks since summer:

Microsoft is up 3 percent, but that’s about it. Everyone else is down, even mighty Apple—which has further problems on its hands since apparently its new line of iPhones isn’t selling very well. As for Facebook, well, it’s now on a steady, inexorable decline. No wonder Mark Zuckerberg thinks they’re at war. Any company that loses a third of its value in half a year is sure at war with somebody.


Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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