sector: But now there are signs that cracks may be starting to appear in some of the biggest firms in the sector, according to The Guardian. Facebook suffered the biggest ever one-day drop in a company's market value losing more than 90bn after its growth slowed in the wake of the Cambridge Analytica scandal. Their shares have been soaring since the start of the year, despite being buffeted by trade war fears as President Trump talked of limiting Chinese investments in the US and restricting American technology imports to China. Twitter lost 20%, or 5bn, as it reported a surprise fall in active monthly users, while streaming service Netflix missed its targets for subscriber numbers. That was in marked contrast to a conference call for the company's previous set of figures, when he accused a Wall Street analyst of boring bonehead questions and ignored queries from investors. On the other hand, electric car specialist Tesla managed to head in the right direction despite making a 717m second-quarter loss, as its controversial chief executive, Elon Musk, regained investor confidence after apologising for previous outbursts.
(news.financializer.com). As
reported in the news.
Tagged under sector, cracks topics.