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Message: <blockquote data-quote="Coralin96" data-source="post: 1349" data-attributes="member: 15">Technology companies reverse trajectoryThe story: Twitter’s share price fell by 14% as the company announced a 1m fall in monthly active users in the second quarter results, compared to the previous quarter.This comes a day after Facebook suffered one of its biggest losses in US corporate history - where over $119bn was wiped off Facebook’s market capitalisation and Mark Zuckerberg personally lose over $15bn in one day – after the company announced its user growth rose at its slowest rate in two years.A few weeks ago, Netflix’s stock had also fallen by 14% as it reported a fall in new subscribers.These results compare to Apple, where strong iPhone sales led to a sharp jump in its third quarter earnings, making Apple the first US company with a market cap of over $1 trillion.Impact on businesses and law firms:  In the past, technology companies were a driver of growth in the stock market. But recently, it has been a difficult time for popular technology stocks, especially social media platforms, which has caused investors to reassess the growth prospects of these companies. Investors fear regulatory control, which would damage the ability of these companies to monetise their platforms.Companies will increasingly lean on lawyers to ensure they are not breaching data or privacy legislation. At an early stage, this means drafting terms and conditions and privacy policies. It will also mean monitoring company activities to assess how these companies are obtaining and storing personal information, and ensuring contracts have appropriate security and consent provisions.</blockquote>

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