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THE FINANCE GHOST: Social media stocks: where’s the dislike button?

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The returns from social media shares have been awful — so what’s Elon Musk thinking by launching a bid for Twitter? FinanceGhost asks

Be warned: some of the following information is not for sensitive readers. In fact, if you’ve owned all these companies over the past year, you may want to report me to the various platforms for offensive content.

Here are the returns over the past year for the US social media stocks: Meta -31%, Twitter -36% and Snap -46%. Having pins stuck in your eyes would’ve been more fun than holding Pinterest — down 71%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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FinanceGhost We're giving elonmusk the benefit of the doubt rating his intentions more noble than FinanceGhost gives him credit for. If they eventuate in him striking even, c'est la vie. Musk seems prepared to lose money on the deal anyway. Who determines the cost of greater balance?

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 /  🏆 20. in JP

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Judge refuses to silence Elon Musk over fight with US market watchdogA US federal judge has ruled that an order to restrict Elon Musk’s public commentary is unwarranted.
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