Meta’s stock has lost 61% of its value in the past 12 months, by far the biggest slide among Big Tech stocks and more than 2x the drop in the Nasdaq Composite (Jonathan Vanian/CNBC)

Frank Chaparro / The Block:
Sources: Nasdaq is exploring an institutional crypto custody service, pending regulatory approval, and a crypto-focused division called Nasdaq Digital Assets  —  – Nasdaq has been plotting a move into crypto custody, according to several sources.  — The move is in line with its broader mission …

Jonathan Vanian / CNBC:
Sources: Elon Musk is now in charge of Twitter; CEO Parag Agrawal and CFO Ned Segal have left the company’s San Francisco headquarters and will not be returning  —  – CNBC’s David Faber reported that Tesla CEO Elon Musk is now in charge of Twitter.  — Twitter CEO Parag Agrawal …

Jonathan Vanian / CNBC:
Meta begins testing a single interface to manage Facebook and Instagram accounts and streamlines registration to help users create accounts on both services  —  – Meta is testing new features intended to help people more easily manage their Facebook and Instagram accounts via one interface.

CNBC:
After surprising inflation data, Nasdaq closes down 5.16%, Nvidia down 9.47%, Meta down 9.37%, Coinbase down 8.84%, Amazon down 7.06%; BTC down 9%+ in 24 hours  —  WATCH NOW  —  Four experts react to August’s key inflation report  —  Stocks fell sharply on Tuesday after a key August inflation report came …

Kit Rees / Bloomberg:
The subpar performance of FAANG stocks, which account for more than 10% of the S&P 500 weighting, will be a big drag on the market in the coming years  —  For some investors, this year’s rout in high-flying technology stocks is more than a bear market: It’s the end of an era for a handful …

Naoto Hosoda / Bloomberg:
Chip-related stocks slump in Japan, South Korea, and Taiwan after US curbs on China; the PHLX chip index fell to its lowest level since November 2020 on Monday  —  Chip-related stocks in Japan, South Korea and Taiwan slumped as traders returning from Monday’s holidays reacted …