Markets

Social media stocks Pinterest, Twitter, and Facebook surge after Snap crushes earnings expectations

Social media stocks surged on Wednesday after Snap reported third quarter earnings that crushed analyst expectations. Pinterest, Twitter, and Facebook all moved higher as the readthrough from Snap’s earnings report was that advertisers are increasingly switching to digital platforms with strong user engagement. Pinterest’s double-digit surge on Wednesday could also […]
Social media stocks Pinterest, Twitter, and Facebook surge after Snap crushes earnings expectations
Markets

S&P 500 snaps 4-day losing streak as investors rush back to tech giants

US equities climbed Tuesday as a tech-led rebound ended the S&P 500’s four-day losing streak. Mega-cap companies including Apple,Facebook, and Amazon pushed indexes higher as investors turned back to the recently sold-off growth favourites. Still, new measures to curb the coronavirus’s spread in the UK revived fears of fresh lockdowns […]
S&P 500 snaps 4-day losing streak as investors rush back to tech giants
Tech

Facebook and Snap both reportedly inquired about acquiring TikTok rival Dubsmash

As TikTok’s future in the US remains uncertain, short-form video-making apps and formats have emerged as competitors eager to attract some of TikTok’s 100 million monthly US users. One such competitor is Dubsmash, a European-born app for creating lip-syncing videos. The app has been around since 2013, but hasn’t reached […]
Facebook and Snap both reportedly inquired about acquiring TikTok rival Dubsmash
Markets

‘Pandemic and advertiser boycott create heightened uncertainty’: Here’s what 3 analysts expect from Facebook’s quarterly earnings

Facebook will release second-quarter figures after markets close on Thursday, giving investors an update to how it’s fared throughout the coronavirus pandemic. The social media giant’s stock sits just off of record highs after investors propped up mega-caps through the market’s months-long upswing. Most analysts are focused on a recent […]
‘Pandemic and advertiser boycott create heightened uncertainty’: Here’s what 3 analysts expect from Facebook’s quarterly earnings
Markets

These were the 10 most-held stocks in hedge funds last quarter

The fourth quarter’s disclosures for large investment funds were filed by February 15. For the equities world, they offer insight into how interested the sector is in stocks as an asset overall, and which companies in particular are garnering attention. An analysis from Novus that aggregated 13-F filings found that […]
These were the 10 most-held stocks in hedge funds last quarter