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New plunge of American tech on the stock market

DECRYPTION – The markets strongly sanction the slightest underperformance of the star stocks of containment.

The tech industry is hungover. The great winner of the confinements manages his return to “normal life” very badly. At the beginning of May, a first wind of panic caused the shares of the major companies in the sector to plunge. Result: 1000 billion of market capitalization erased in three days of trading.

But just as the market hoped the bulk of the grain had passed, a second storm blew through the Nasdaq. This time it’s Snap – the publisher of Snapchat – dragging down its peers. The publication of a warning on its profits for the second quarter caused the action to sink, which plunged 43% in one session. Butterfly effect guaranteed. Everything that closely or remotely resembles a social network has unscrewed in its wake. Meta (formerly Facebook) – 7.62%, Pinterest – 23.64% Twitter – 5.5%…

In question? A general awareness of a simple social phenomenon. For nearly two years, consumers have remained sealed off in their living rooms: they have tinkered (a little), watched…

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