The Fall of One Big Tech? Facebook Stock Teeters on the Edge


On Monday, my life didn’t change, ruin, or panic.

I wasn’t one of the millions of people around the world screaming in horror because I couldn’t post every moment of my life on Facebook.

At 12:00 pm eastern time on Monday, Facebook and its compatriot social media platforms (Messenger, WhatsApp, Instagram) were hit by a six-hour outage that caused social media turmoil.

Facebook isn’t my social media option (I tend to stay on Twitter), but I’ve paid attention to the impact of the outage on Facebook’s stock price.

And here’s a bigger story …

In this episode of Bull & Bear, I’ll explain how the outage pushed Facebook’s inventory further down and how its continuous decline can be tracked to what happened a month ago.

Larger tech stock decline hurt Facebook

Technology stocks benefit from strong market sentiment and this long-term bull market.

NS Technology Select Sector SPDR Fund (NYSE: XLK)., Exchange Traded Fund (ETF) Invested in US high-tech stocks, hitting a high of nearly $ 160 per share in late August. But since then, ETFs have fallen by nearly 7%.

The sale of tech stocks is much deeper within a particular segment.

BVP’s Emerging Cloud Index Hit Last Month

Last month, EMCLOUD, which tracks cloud-based tech stocks, fell 9.6% in value, while tech-powered Nasdaq fell 6.1%. Conversely, the S & P 500 has fallen only 3.9%, and the Dow Jones Industrial Average has fallen only 2.2%.

Facebook’s condition is deteriorating, down nearly 12% last month.

Bull & Bear

Led by Adam O’Dell and a team of financial journalists, traders and professionals Money & Market It provides the information needed to protect nest eggs, increase wealth and protect financial well-being.

You can hear Bull & Bear on Apple podcast, Spotify, Amazon When Google podcast.. Please subscribe and leave a review.

Please be sure to subscribe YouTube channel For more videos like my weekly The latest information on the marijuana market..You can find more investment insights from with Adam Green Zone Fortune Co-editor Charles Sizemore Ask Adam anything And renewal Investing with Charles Each video.

Do you have anything to talk to us? Email And please tell us your thoughts.

check out, And sign up for our free newsletter, which provides the most important and impartial financial news, commentary, and actionable advice.

Also follow us:


Safe transaction,


Matt Clark, CMSA®
Survey analyst, Money & Market

Matt Clark is a research analyst Money & Market.. He is a Certified Capital Markets & Securities Analyst at the Corporate Finance Institute and In search of alpha..Before joining Money & Market, He has been a journalist and editor for 25 years, responsible for college sports, business and politics.

The Fall of One Big Tech? Facebook Stock Teeters on the Edge Source link The Fall of One Big Tech? Facebook Stock Teeters on the Edge

The post The Fall of One Big Tech? Facebook Stock Teeters on the Edge appeared first on California News Times.

Source link


Please enter your comment!
Please enter your name here

Share post:


More like this

The Juul E-Cigarette Saga Continues, FDA Suspends Ban While Company Appeals

Last Month the Biden administration issued a ban on...

Albuquerque Police looking for information on westside shooting – Albuquerque, New Mexico

Albuquerque, New Mexico 2022-07-06 13:54:19 – Albuquerque, New Mexico...

Targeting Iran’s International Petroleum Trade

The United States is designating 15 individuals and entities...

Whitland Avenue July 4th Celebration | TheNews – Nashville-Davidson, Tennessee

Nashville-Davidson, Tennessee 2022-07-06 14:00:16 – Whitland Avenue July 4th...