It is expected to fall 20% at the open
Just like netflix
Apple exceeded earnings expectations so it is okay
Google I am not too sure but suspect will be okay.
My guess is next one to plunge is Amazon.
![[Image: sqkjvSa.jpg]](https://i.imgur.com/sqkjvSa.jpg)
Spotify also plunge...streaming is past its peak sue to saturation.
BUZZ – Spotify extends losses after bleak Q1 forecast, PT cuts
4 February 2022 2:18 am
(Updates prices to regular session) ** Shares of Swedish music streaming platform Spotify Technology down 16.8% at $159.67 and on track for record one-day pct loss with brisk trading volume after weaker-than-expected Q1 subscriber numbers ...
** SPOT shares have also been hit recently by a COVID-19 mininformation backlash related to its continued streaming of The Joe Rogan Experience podcast on its platform. Neil Young removed his music from Spotify and artists including Joni Mitchell followed suit in protest of Rogan's COVID-19 views
* The stock had some brief support earlier in the week after prominent vaccine skeptic Rogan apologized and Spotify promised "content advisory" for episodes with COVID discussions. About 270 scientists and medical professionals had written to urge Spotify to prevent Rogan spreading falsehoods...
* At least 5 brokerages cut their PTs on stock after Wednesday's news...
* SPOT shares have fallen ~32% so far in 2022 after already tumbling 25.6% in 2021
* Benchmark kept 'buy' rating saying :"long-term story intact" but it cut price target to $260 from $300
* Of 30 analysts covering SPOT, 18 rate it 'buy' or 'strong buy' while 8 rate it 'hold' and 4 rate it 'sell' or 'strong sell'; their median PT is $255, down from $310 in early Jan, according to Refinitiv Data
* Credit Suisse says it remains concerned regarding content costs, as music labels will remain difficult partners and it expects leading podcast talent to be pricey when renewing exclusive contracts in coming years, adding that competition might restrain pricing power and platform monetization
SGX yesterday went up 65 points leh...why worry post CNY !
(04-02-2022, 05:30 AM)ysh02 Wrote: [ -> ]SGX yesterday went up 65 points leh...why worry post CNY !
STI gong gong went up yesterday. Today will likely follow DOW.
Facebook suffers $230bn wipeout in biggest one-day US stock plunge
Shares in parent company Meta fall 26.4% on ThursdayMark Zuckerberg’s personal wealth tumbles by $30bn-plusA historic plunge in the stock price of Facebook’s parent company has erased more than $230bn in its market value, easily the biggest one-day loss in history for a US company.The 26.4% wipeout in Meta comes amid concerns about its future after the company reported its first ever drop in daily user numbers in its Wednesday earnings report. Facebook rebranded to Meta last year as part of its strategic pivot to becoming a virtual-reality based company. Continue reading...
https://clck.ru/asUrq
#Facebook #US_news #Business #World_news #Technology
(04-02-2022, 06:31 AM)winbig Wrote: [ -> ]STI gong gong went up yesterday. Today will likely follow DOW.
Today it will go up again and make a new pandemic high.
Many are still not onboard.
STI will take out the 2007 all time high in this rally after 15yrs before end of 2023.
But most will not be invested because of bad experience in the past.
Tech bubble bursting?
Don’t tell me next collapse is tech bubble bursting first. I am still expecting property crash.
