Here's Why DataDog Stock Dropped 11% Last Month

Acquisition rumors and an expensive valuation were bad news for Datadog during last month's tech stock selloff. Shares of Datadog (DDOG 2.44%) slumped 11% in July, according to data from S&P Global Market Intelligence. The stock struggled with difficult market conditions related to a surprise global IT outage that weighed on tech stocks. Investor risk tolerance is declining because of a cloudy macroeconomic outlook, causing some people to rethink aggressive valuations on growth stocks. Reports of a transfor ...