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mercury888
Why?
hyperbovine
Because they didn't make any money according to their earnings report. Then their stock takes a dive, then the bulls jump in, the stock recovers, and we all go on our merry way. Rinse, wash and repeat once per quarter.
acchow
S&P 500 and Dow each down almost 1% today. A down day, but high tech got hit hard:

Facebook down 5%

Twitter down 7%

Tableau down 6.5%

Yelp down 7.5%

Reported earnings haven't been great, and the stocks are tumbling down in reaction to the reports (or in preparation for upcoming reports).

hatred
Fb would be a notable exception to this theory though.
peterbraden
Or as I prefer to think of it: SALE! 10% off AMZN, for 1 day only!
dataminer
Still too expensive, FB, AAPL, are much better alternatives.