
US stock market report – Facebook & Spotify shares get whacked
All three US stock markets quickly reversed recent gains, with Facebook (NASDAQ: FB) shares tanking by more than 25% in a single session.
Formerly Facebook, Meta Platforms (NASDAQ: META) is ‘The Social Network’, with more than 3 billion active users across its three platforms of Facebook.com, WhatsApp and Instagram. It generates most of its revenue from targeted advertising on its platforms. It also owns virtual reality headset company Oculus.
All three US stock markets quickly reversed recent gains, with Facebook (NASDAQ: FB) shares tanking by more than 25% in a single session.
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All three US stock markets gained on Monday as Advanced Micro Devices (NASDAQ:AMD) and Facebook (NASDAQ:FB) were in the news.
US stock markets continued their record run overnight as NVIDIA (NASDAQ:NVDA) and Moderna (NASDAQ:MRNA) shares made headlines.
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US stock markets continued their strong recent run overnight as General Electric (NSYE:GE) and Facebook (NASDAQ:FB) shares are in the news.