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re: Social media stocks getting crushed after hours
Posted on 2/2/22 at 5:11 pm to they call me horse
Posted on 2/2/22 at 5:11 pm to they call me horse
"Apple is the only fang that's killing it."
Alphabet/Google also smashing positive numbers!
Alphabet/Google also smashing positive numbers!
This post was edited on 2/2/22 at 5:12 pm
2
Posted on 2/2/22 at 5:13 pm to ItzMe1972
quote:
Alphabet/Google also smashing positive numbers!
Yeah, forgot them.
Although most of their bounce was due to 20-1 stock split.
(Which is kind of silly, but people are silly)
Posted on 2/2/22 at 7:43 pm to ItzMe1972
quote:
Alphabet/Google also smashing positive numbers!
They did but Youtube ad revenue growth was only 60% of what it was last quarter so it probably indicates businesses cutting back on ad budgets due to pressure from inflation. Facebook's ad revenue is down too so it looks like an issue across the industry. No surprise that inflation is showing ripple effects.
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