- ASX200 down 1.91% at 6703.8.
- Splitit plunges despite strong full-year results.
- ByteDance to pay US$92M to settle US class action.
The tech sector is in freefall today, down more than 6% following the Nasdaq?s worst day in four months overnight.
The Australian market is down 1.91% at 6703.8 points overall.
Pandemic favourite Afterpay is down nearly 13% after it completed an upsized convertible notes offering this morning and a $60m shares sell-off by its Co-CEOs.
Bitcoin has shed more than 6% in the last 24 hours to
US$47,200 at 2pm AEDT.
In tech news, US payment platform Splitit has plunged more than 4% today despite reporting a 300% increase in full-year gross revenue to US$8.4M and 179% increase in Merchant Sales Volume to US$246M.
In the headlines, ByteDance has agreed to pay US$92M to settle a class action on data privacy claims from some US TikTok users.
And a crowdsourced map website in Japan informs prospective homebuyers about loud neighbours before visiting a property. The DQN Today website allows users to anonymously pin loud neighbours to areas on the map.