What happened? That’s what many of Facebook’s investors have spent the last 18 hours wondering.
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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.
Amazon.com reported better-than-expected earnings in the second quarter and forecast more of the same in the current period, igniting investor optimism.
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.
Facebook was pummelled by public criticism over privacy issues during the second quarter. Don’t expect to see much evidence of that turmoil in Facebook’s earnings report on Wednesday.
Google is still raking in marketing dollars from advertisers, propelling the online search giant to another strong quarter in the face of costly regulatory trouble in Europe.