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Recode Daily: The Trump slump is costing tech companies billions

Tech stocks extended their worst performance since the start of the bull market.

Spencer Platt/Getty Images

Tech industry stocks continued their post-election slide amid fears over Donald Trump’s trade and immigration policies. Facebook, Amazon, Apple and Alphabet were all down more than 2.4 percent. They’re down 8 percent since Trump’s victory. — [Lu Wang / Bloomberg]

Facebooks fake news problem isnt going away: A renegade internal task force has sprung up to criticize Mark Zuckerberg. Meanwhile, both Facebook and Google will ban sites that promote fake news from using their ad networks. — [Casey Newton / The Verge]

Apple is exploring a move into digital glasses that would connect wirelessly to iPhones and display images and other information, possibly using augmented reality. — [Mark Gurman, Alex Webb and Ian King / Bloomberg]

Salesforce CEO Marc Benioff told the Code Enterprise conference that he admires Twitter’s vision and influence, but that he backed away from a possible acquisition because his shareholders opposed it. He also talked about the soured relationship between Salesforce and Microsoft. — [Kurt Wagner / Recode]

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This article originally appeared on Recode.net.