, shed a combined $177 billion in market capitalization in just two days as coronavirus fears slammed global markets.
Each of the technology giants pared losses on Monday and Tuesday when global stocks fell for two days in a row. On Tuesday, Alphabet shed the most in market capitalization, losing roughly $24 billion in value on a 2.5% fall. Netflix was the smallest loser, erasing about $4 billion after falling 2.4%.
TomShadilay Facebook, Netflix, and Google should be more valuable, since everyone stuck in lockdown will only be able to share cat pictures and watch movies and youtube. amazon has a supply chain that can’t be sustained, so that makes sense.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global Stocks Stabilize After Deep Wall Street SelloffStocks were mixed while bond markets flagged continued fears among investors about the economic impact of the coronavirus outbreak after a sharp selloff a day earlier. Of course the market is a mirage, that tell us in reality we the people don't need it. The WSJ hangs on human rights and democracy all day, didn't have the courage to apologize after insulting Chinese citizens not relating the political system. Instead, it continued to make excuses by attacking Chinese politics to avoid apologizing. shamed!
Source: WSJ - 🏆 98. / 63 Read more »
Disney, Amazon, ViacomCBS Shares Hit as Stock Market Tumbles Amid Coronavirus FearsFears of the Coronavirus spreading across the world sent major stock indices tumbling on Monday morning. Shares of Disney and Amazon were down more than 4% in early trading as reports that the dead…
Source: Variety - 🏆 108. / 63 Read more »