Tag: Wall Street
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Market Value Losses and Dropping User Rates: What Does it All Mean?
Social media site Facebook has seen the biggest plunge in their market value to date, decreasing by approximately 20%, and $120 billion USD. This is the largest decrease in market value within 24 hours by any US company. But what does this mean for Facebook users? Will Facebook fall down the same hole as MySpace…
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Youtube advertiser boycott could cost Google millions
Google is facing international backlash with the Youtube advertiser boycott. Advertisers are boycotting Youtube to prevent their advertisements from appearing next to extremist content. Many high profile brands, such as McDonald’s and LO’real, have appeared next to hate speech and are subsequently campaigning for better moderation. Advertisers have frozen their contracts with parent company Google and it could…
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Here’s what Wall Street expects from Apple earnings
Apple is reporting on their quarterly earnings on Tuesday, July 26 (American time). While traditionally the second quarter of the year is usually the worst for Apple, this year is looking to be worse than usual. Last year during this quarter, Apple generated $49.6 billion in revenue. CEO Tim Cook says Apple will do $41…