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For tech stocks, “the main thing is yields,” Essaye said. However, the perpetrators of such frauds are now adopting new methods and technologies to defraud the investors. Investors took profits on Friday while they could ahead of the weekend, explained Tom Essaye, founder of Sevens Report Research. Saturday and Sunday could easily bring unfortunate news on the war front—and traders would rather be able to sell any recent winnings at Friday’s earlier prices than wait for a potentially lower price at Monday’s open. Ukrainian forces have since put up a strong resistance to the Russian troops amid the war that has left hundreds of Ukrainian civilians, including children, dead, according to the United Nations. Ukrainian and international officials have accused Russia of targeting civilian populations with shelling and bombardments. "He has kind of an old-school cyber-libertarian world view where technology is there to set you free," Maréchal said.
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