What happened? That’s what many of Facebook’s investors have spent the last 18 hours wondering.
Author: Agency Staff
Intel fell as much as 8.4% on Friday after executives said a key new chip technology wouldn’t be out until late next year, prompting concerns the company could be vulnerable to rivals.
Twitter said monthly users dropped by a million in the second quarter, and predicted that number will decline further as the company continues to fight against spam, fake accounts and malicious rhetoric.
After all the controversy Facebook has generated in recent months, it seemed almost inevitable that at some point the social media giant would get what it had coming. A reckoning.
Amazon.com reported better-than-expected earnings in the second quarter and forecast more of the same in the current period, igniting investor optimism.
Naspers is considering the listing of certain parts of its sprawling global media and technology business outside South Africa as the continent’s largest company by market value seeks to reduce its size.
Spotify Technology gained more subscribers than expected, but it wasn’t enough for investors who are worried about competition from Apple and Amazon.com.
Nokia shares plunged after the company said customers aren’t quite ready to increase spending on faster networks and are demanding price cuts.
Facebook has racked up plenty of milestones in its pioneering journey. Now the social media giant is poised to add one it would doubtless rather avoid: the biggest stock market wipe-out in American history.
Facebook on Wednesday reported second quarter sales and user growth that fell short of analysts’ projections. And the company told Wall Street the numbers won’t get any better this year.