Meta Meltdown: This Chart Shows Facebook’s Downfall Among Most Valuable U.S. Companies

Plagued by competition and macroeconomic threats, Meta Platforms Inc. drops down the ranks of America’s largest companies. After the stock price fell 9.4% daily, Meta META -9.37% It ranked 10th by market capitalization at Tuesday’s close, trailing Visa Inc. V. -3.37% First time since August. Meta, the parent company of Facebook and Instagram, recently ranked … Read more

Meta is one of the worst performers in the S&P 500 today, but these other five stocks lost $387 billion in value

Falling gas prices could not mask the issues that worried investors on September 13th. Core consumer prices resumed their rapid rise in August. DJIA, Dow Jones Industrial Average down on fears that Federal Reserve continues to tighten monetary policy to combat inflation -3.51% It decreased by 887 points (or 2.7%) to 31,494, with all 30 … Read more

Biden has finalized a plan to curb Big Tech. Big Tech was not invited.

The Joe Biden administration issued a checklist of actions needed to curb Big Tech on Thursday after a roundtable “listening session” on issues within the tech industry. But administration officials are “not listening” to companies that have been targeted by many of their desired actions. Google’s parent company, Alphabet Inc. +2.09% goog, +2.16%, Inc. … Read more

Cheaper Electric Vehicles Coming Despite Rising Battery Costs

WARREN, Mich. (AP) — Despite rising battery costs, auto companies are rolling out more affordable electric vehicles that should appeal to a wider group of buyers. The latest one went on sale from General Motors on Thursday. The Chevrolet Equinox is a small SUV that costs about $30,000 and has 250 miles (400 kilometers) of … Read more

‘I wasn’t ready to take on the big distraction’: Former Disney CEO shares why he was hesitant about Twitter deal

Before agreeing to buy Twitter for $44 billion, Tesla CEO Elon Musk has a few words with someone who considered a similar deal years ago. should have Bob Iger and fellow Walt Disney Co. DIS -0.32% Management considers acquiring Twitter TWTR, +1.58% Back in 2016, the former CEO recently discussed bot activity on social platforms … Read more