Tag: apple inc

28 posts

Snap, Twitter, Facebook Shares Fall Abruptly

The shares of Snap, Twitter, and Facebook dropped at the end of last week due to the updated privacy policy of Apple. The quotations of the first company lost almost 27%, the quotations of the two remaining ones — 5%. Tech analysis of Snap, Twitter, and Facebook shares for October 25th, 2021.

What is happening to shares of Facebook and other IT giants?

On Monday, shares of Facebook, Apple, Amazon, Netflix, Alphabet, and Microsoft plummeted. A hypothetic cause is a rally in the US 10-year bond yield. Apart from that, Facebook had some other reasons. Tech analysis of shares of Facebook, Amazon, and Netflix for 06.10.2021.

Facebook Shares Are Falling: Apple Is to Blame

Facebook shares lost almost 4% of the price, reaching $343.21, after a negative forecast about its financial performance. The latter is expected to worsen due to a slump in the revenue from ads. The reason is the new privacy policy of Apple.

Why Did Spotify Shares Grow by 7%?

Spotify shares grew by 7.15%. What are the reasons? Firstly, the service launches paid podcasts. Secondly, Jefferies increased the target share price of Spotify and changed its rating for “buy”. Thirdly, Spotify CEO is ready to buy Arsenal.

S&P 500 Set New Record

US President Joe Biden announced an investment of $2.3 trillion in the national economy. This made the shares of US IT giants grow, pulling market indices after itself. The S&P 500 got over 4,000 points for the first time in history.

IT Giants Grew by 50% during Pandemics

In 2020, the overall yearly income of major IT companies increased by 24% to 1.1 trillion USD, while their market capitalization grew by 50%, reaching 8 trillion USD. As you might have guessed, we’re talking about Apple, Microsoft, Amazon, Alphabet, and Facebook.

Tech Giants Merge with Car Makers

Will the cooperation of Kia Motors with Apple and Ford with Google become financially successful? The South-Korean carmaker will produce pilotless vehicles for Apple, while Ford Motor will install soft- and hardware from Google onboard its cars.

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