Tech ETFs Slump as Apple Probed for Shazam
April 23, 2018 at 15:29 PM EDT
Tech ETFs slumped on Monday as European regulators launched an in-depth investigation of Apple’s (AAPL) planned $400 million purchase of Shazam, the music recognition app developed in the UK. Under the deal, there is concern that it could reduce choice of music-streaming services. The...