Took a nosedive NYT crossword answer is:
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The phrase "took a nosedive" is a common idiom that means to experience a sudden, dramatic decline. It is often used to describe a decline in the stock market, but can also be used to describe other situations. In the New York Times Crossword Puzzle on February 7, 2023, the clue for this phrase was "NYT, e.g." The answer to the clue was "Newspaper," indicating that the phrase was being used to describe a decline in the newspaper industry.