Private equity boss Orlando Bravo has a somber warning for the technology industry.
For years, the tech sector has led the stock market, with the likes of Apple and Microsoft becoming some of the most valuable companies in the world.
Bravo has a net worth of $6.3 billion, according to Forbes.
Shares of Netflix and Zoom have plunged around 63% and 70%, respectively. Peloton, the fitness equipment company, has lost more than 90% of its value.
Read more: CNBC
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