5 Internet Firms Witnessing Markdown of Valuation

By siliconindia  |  Wednesday, 08 June 2016, 10:44:35 AM IST

BENGALURU: Morgan Stanley, American multinational financial services company lowers the value of Flipkart’s share by 38 percent. The price cut signals the global investor about overhype given to India’s internet firm. Another reason for the reduction of price is the mutual funds slash that affected the value of some of Silicon Valley’s most high-profile startups like messaging app Snapchat and data-analysis company Palantir Technologies.

According to the The EconomicTimes, below are the five companies which recently confronted mark downs.

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