Tech ETFs Slump as Apple Probed for Shazam
This article was originally published on ETFTrends.com.
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 European Commission said an initial probe found Apple may encourage Shazam [...]