Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Zuckerberg has lost 7 billion dollars as companies pull adds from Facebook. Catch the moment!
The social media giant is facing the advertising boycott. Corporations such as Unilever, Coca-Cola and Starbucks cancelled their ad contracts with Facebook. They organized the #StopHateForProfit campaign to protest against the Facebook’s failure to stop the spread of hate. The Facebook’s co-founder Mark Zuckerberg announced on Friday that they expanded their policy to prevent any hate and violence on the platform. However, people don’t believe that Facebook is effectively managing hate speech and disinformation. Do you remember that Twitter banned posts by President Donald Trump for its violence? Facebook hasn’t done anything with similar posts. People criticized the company for its inaction.
What does it mean for a trader?
It’s a great opportunity to make profit! The Facebook stock price will fall, while companies continue boycotting. It may meet the support at $210. If it breaks It down, it can plummet deeper to $204 and then to the 200-day moving average at $198. Follow news further!
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).