Facebook Has Lost 30% Of Its Value Since July
Facebook is taking steps to address criticism that its platform has been hijacked by bad actors, but investors are bailing.
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Facebook is taking steps to address criticism that its platform has been hijacked by bad actors, but investors are bailing.
The great bull run for the FAANG stocks and the rest of the tech sector is showing signs that it might be coming to an end.
First it was a shocking tweet that Tesla would go private. Two weeks later it's never mind, the deal is off. "This whole ... episode has taken (Musk's) credibility close to zero," a business and law professor in Michigan said.
Tesla Inc. CEO Elon Musk says investors have convinced him that he shouldn't take the company private, so the firm will remain on the public stock markets.
The S&P 500 index and Nasdaq composite closed at record highs Friday, just two days after the current bull market in stocks became the longest in history.
President Trump says that he if he ever got impeached, he thinks the stock market would crash and "everybody would be very poor."
The San Francisco-based company's second-quarter results blew past Wall Street expectations and its stock soared almost 14 percent in after-hours trading.
Wall Street, captivated by remarkable growth prospects in tech, has lifted the Nasdaq by 11% this year.
The Dow plunged more than 392 points, or 1.6%, on fears about political turmoil in Italy and renewed trade uncertainty between the United States and China.
Spotify's first quarterly report as a public held company struck the wrong note with investors
Investors who put their faith in Jeff Bezos are being rewarded. Again.
Investors across the globe are bracing for uncertain markets as President Donald Trump tries to downplay fears of a trade dispute between the U.S. and China.
Another flare-up in trade tensions between the U.S. and China sent the stock market sharply lower for the second time this week.
Eleven minutes later, Amazon's stock had fallen into the red — and so had the Nasdaq.
Trade war fears and a presidential attack on Amazon are rocking Wall Street.
The Dow dropped about 345 points, or 1.4%, on Tuesday, completely reversing a 244-point gain from early in the day.
The Dow surged 669 points — its third-biggest point gain in history — and had its best day in two and a half years.
Facebook's worst day in four years dragged the stock market down.
The cloud storage company is selling 36 million shares for between $16 and $18, according to a regulatory filing released Monday.
Martin Shrkeli, the smirking "Pharma Bro" vilified for jacking up the price of a lifesaving drug, was sentenced Friday to seven years in prison for defrauding investors in two failed hedge funds.
The Dow Jones industrial average closed above 25,000 points for the first time, just five weeks after its first close above 24,000.
Analysts say it would be inaccurate to give Trump full credit for the market's records, at least those set during the last few months.
Snap, the company behind the Snapchat app popular with young people, says revenue grew sharply, but it had a large net loss related to its initial public offering of stock.
The company behind Snapchat closed on a high note in its Wall Street debut, proof, at least for a day, that there's investor demand for young but still unproven tech companies.
The Dow Jones industrial average closed above 20,000 points for the first time, the latest milestone in a record-setting drive for the stock market.
