Apple Giveth, Apple Taketh Away -- October 21, 2021

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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