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.
Facebook: paradise lost?
The US authorities filed a lawsuit against Facebook. The essence of the case: the IT-giant is accused of being a monopoly and doing everything to stay a monopoly. Acquisition of WhatsApp and Instagram is largely seen as moves to prevent any possible competition.
As a result, Facebook lost 4%. The thing is, Instagram and WhatsApp are crucial for Facebook revenues now. If those two depart from Facebook, one way or another, it may be a serious hit at its money flows, integrity, and long-term future. But the truth is that it seems that the US authorities are now paying closer attention to “dilute” the e-media sector. Google, Facebook, Youtube – we’ve hardly known any alternative to those labels when we come to search for information, watch a video, or communicate with a friend. Why so? Because Facebook and the likes of it have been there at the beginning and invented their respective markets and industries. No surprise we know no one else but them. But does it mean they should stay at the top of it, or, occupy most of it? Joe Biden’s administration will eventually decide on that.
So far, the uptrend is still on, with $300 being not a very far away target.
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 United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).
Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?