• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Facebook Down 12.1%, Apple Down 10%, Google Down 6.5%, Microsoft Down 5.8% As Stock Markets Plummet

25/08/2015
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

Tech companies are suffering from the current hostile stock market environment as stock markets around the world are plummeting following concerns over China. All tech companies are tanking right now, with some suffering from a stark correction. When the stock markets opened, compared to Friday’s closing price, Facebook was down 12.1 percent to $75.62, Apple was down 10 percent to $95.17, Amazon was down 6.4 percent to $463.03, Microsoft was down 5.8 percent to $40.59.

And the list goes on and on. Smaller companies suffered as well. Netflix opened down 14.7 percent to $88.67 following a few months of great performance. PayPal, which recently became independent, also opened down 9 percent to $31.17. Twitter was down 8.9 percent to $23.56.

Overall, hundreds of billions of market capitalization have disappeared overnight. Many of them are already recovering from this tough trading day — for example, Apple is “only” down 3.2 percent now. But still, it’s quite impressive to see all these public companies in the red at the same time. Here’s a quick recap of the situation 30 minutes after trading started this morning:

You may have noticed that China’s stock markets had its worst trading day since 2007 and Europe followed suit. As expected, U.S. stock markets plummeted as well. At some point, DOW was down more than 1,000 points this morning.

It’s not surprising that tech companies are suffering as well. But it seems like some of them are suffering more than non-tech companies. Many have expressed concerns over Apple for example. China now represents one of the company’s most important markets. If the economy suffers in China, Apple could end up selling fewer iPhones than expected. Tim Cook sent an email this morning to Jim Cramer in order to mitigate the concerns 

It will be interesting to see whether this is a permanent correction or stock markets will bounce back in the coming weeks. There could be different implications for large private tech companies that were aiming for an IPO in the coming months as well.

 

Source: techcrunch.com

Previous Post

Unlocking Africa’s Trade Potential

Next Post

Rosy Fynn Climbs higher- new marketing director for Airtel Ghana

Related Posts

Investment diversification

What Putin’s war teaches about Investment Diversification

16/03/2022
Technology, ghanatalksbusiness.com

Don’t believe the negative hype: Tech is a force for good

04/03/2022
Business technology platform, ghanatalksbusiness.com

What 2022 may hold for technology’s role in Africa

27/01/2022
Investing in stock market

How can you make money in the Stock Market? What you need to know

07/09/2021
Real estate investors, ghanatalksbusiness.com

Where should Ghanaian real estate investors put their money? Why London will be at the top of the 2021 wish list

11/03/2021
Technology, ghanatalksbusiness.com

5 Tech Trends to Watch in 2021

28/01/2021
Next Post

Rosy Fynn Climbs higher- new marketing director for Airtel Ghana

Ghana loses $2.27b annually through tax incentives

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2023 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2023 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In