SNAP: crashes. Loses a third of its value. What a debacle.
- ouch
- dropped 25%
- dropped $20
- trading at $55
- watching the spin by analysts will be interesting;
- blames Apple
- apparently Apple made changes in it iOS that dramatically affect Snap
- Epic-like apps might want to take notice
- should this have been a surprise for SNAP investors?
- February 5, 2021, appleinsider, "Snap says upcoming iOS 14 privacy feature presents risk"
- today, Reuters, Apple privacy bites ads business;
S&P 500: closed at new high;
Selected tickers:
- UNP: closes at 52-week high.
- XLNX: closes at 52-week high.
- AAPL: actually up slightly; surprised
- oil equities: mostly slightly lower
- one exception: Icahn's SWX
- DFS: down 8% -- ouch
- INTC: down almost 8% after hours; beat on earnings, but missed on revenue
- ARKK: up a bit
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