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Nothing in the data backs the thesis of the article. Of the companies mentioned, Apple, Twitter, and Snap are all up in the past week, Snap by a double-digit pe
by in_cahoots 5y ago
Nothing in the data backs the thesis of the article. Of the companies mentioned, Apple, Twitter, and Snap are all up in the past week, Snap by a double-digit percentage. Twitter rebounded by 7% the day after Meta’s earnings. Spotify missed on its own earnings. Otherwise only Microsoft is down, and that’s only by 1%. And it’s not at all clear how Apple short-circuiting Meta would reasonably be expected to tank Apple’s own stock.
This is what happens when you write an article based solely on one day’s worth of stock trading.