Transcript for The Stock Market Tanks
Now a big headline about your money tonight. The market took a massive dive town. The Dow closing down more than 260 points. When will it end? ABC's chief business correspondent with the big slide. Reporter: The culprit behind today's massive selloff? The biggest winners of the last five years, became the biggest losers. Tech titans that once seemed to defy gravity, including high flyers like Facebook, Google, Amazon, netflix and electric carmaker tesla, all taking a beating. Netflix known for it's "House of cards," down 24% in just this last month. Meaning if you'd invested $1,000 in netflix stock you'd have lost $240. So why has Wall Street suddenly fallen out of love with these former darlings? Many investors fear stock prices and the market euphoria were just getting out of hand. From Facebook buying a texting app for $19 billion, to Amazon piloting a drone delivery program, to a fad internet game about candy somehow being worth $6 billion. We did speak to market veterans and they are expecting this rocky road to continue for a couple more weeks. Now we take you to south
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