<div id="readability-page-1"><div> Shares of technology companies tumbled as a spike in oil futures diminished chances of a Federal Reserve rate cut, causing a flight from risky sectors. Investors are concerned that financing for high-risk data-center development could become more expensive if rates remain elevated. Ziff Davis, a diversified Internet and digital media firm, struck a deal to sell its connectivity division to consulting fir Accenture for $1.2 billion in cash. Activist investor Elliott Investment Management has injected $1 billion into Pinterest, which the company will use to repurchase shares. Payment-technology firm Klarna is making its flexible payment options available via some AI shopping agents as more shoppers turn to AI to make purchases. Facebook owner Meta Platforms is creating a new applied AI engineering organization in its Reality Labs division to help bolster the company's superintelligence efforts, according to an internal memo that was viewed by The Wall Street Journal. <pre></pre> Write to Rob Curran at rob.curran@dowjones.com (END) Dow Jones Newswires March 03, 2026 17:25 ET (22:25 GMT)Copyright (c) 2026 Dow Jones &amp; Company, Inc.</div></div>

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Shares of technology companies fell due to rising oil futures, reducing the likelihood of a Federal Reserve rate cut and prompting a shift away from risky investments. Ziff Davis sold its connectivity division to Accenture for $1.2 billion. Elliott Investment Management invested $1 billion in Pinterest for share repurchases. Klarna is expanding its payment options through AI shopping agents, while Meta Platforms is forming a new AI engineering organization in its Reality Labs division to enhance superintelligence efforts.

- Shares of technology companies declined due to rising oil futures, which lessened the likelihood of a Federal Reserve rate cut, prompting a shift away from risky investments.  
- Ziff Davis sold its connectivity division to Accenture for $1.2 billion, and Elliott Investment Management invested $1 billion into Pinterest for share repurchases.  
- Klarna expanded its payment options through AI agents, while Meta Platforms is establishing a new AI engineering division to enhance its superintelligence initiatives.

Tech Down on Fed Fears - Tech Roundup