Business

As Alibaba prepares for IPO, tech stocks retreat

By Ken Sweet
Published May 8, 2014 9:34pm ET
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As Alibaba prepares for IPO, tech stocks retreat
FILE - In this April 30, 2014 file photo, trader Steven Kaplan, right, works at the post that handles Twitter, on the floor of the New York Stock Exchange. Twitter, which peaked at $74.73 late last year, is down more than half from its peak, including a plunge Tuesday, May 6, 2014 after company insiders were allowed to sell stock for the first time since its IPO. (AP Photo/File) | AP

NEW YORK (AP) — It’s a tough time for a tech debut.

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