Euro FinTech's Sudden Violent Collapse, GOOG & MSFT Results Diverge

Over the last 36 hours several European FinTech firms have seen their stock values suddenly crash 50-80%. It is unclear what the direct cause of this is, but several reports are citing a general slowdown in Europe, a "changing regulatory environment", and the collapse of Nigerian Naira as reasons for the sudden crash. Elsewhere Google parent Alphabet and Microsoft each reported top and bottom line beats after the close yesterday, but their stocks are moving in opposite directions. AI remains the key word in big tech.

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