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I don't know what the "75th Percentile Forward Multiple" is, but if it's down %52, it's down more than "the stock market"; the S&P is down about %6.5, NASDAQ is down a bit less than %12.

Perhaps this article is not meant to be understood by a mere programmer like myself. Could someone kindly explain what I should be worried about?

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Yes, it's a portion of the stock market that's going down a lot. The money is going from technology companies into other companies like healthcare and energy companies. So while the overall market may not be down that much, the technology market is going down a bit. In relative terms, it's gone down to the same levels is about 2 years ago. So there's no disaster scenario here, but there is a pretty significant drop in price from a high level.

The “forward multiple” is the ratio dividing the stock’s current price by its predicted earnings over the next 12 months. You can think of it as a measure of credibility and optimism - do investors believe company predictions to make more money in the next year? And will they grow even more in the future? Tech company stocks dropped some while their predicted earnings kept increasing. Both the numerator and denominator contributed to the decrease in that particular metric.

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