Tech Flat as Valuation Concerns Simmer -- Tech Roundup

Features Dow Jones Newswires

Shares of tech companies were more or less flat as fears about valuations in the sector continued to simmer. Shares of some companies involved in financial technology, including Overstock.com, lately have risen sharply because of their association with high-flying digital currency bitcoin. Facebook is planning to book more revenue in the countries where it sells ads, helping local authorities to collect taxes on its profits. Nintendo is expanding partnerships with mobile software developers to boost its smart-phone offerings, The Wall Street Journal reported.

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-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

December 12, 2017 16:40 ET (21:40 GMT)