$Meta Platforms (FB.US)$$Twitter (Delisted) (TWTR.US)$ Faceb...
$Meta Platforms (FB.US)$ $Twitter (Delisted) (TWTR.US)$ Facebook’s earnings on Monday will be closely watched for any similar comments, as will reports from Alphabet and Twitter Tuesday. The three stocks fell Friday as Snap plunged 26.6%. Facebook lost more than 5%.
“Facebook has been the more broken name. It had the Instagram problem. It had the kid problem. It’s had a hard time going up post-earnings. It will be interesting to see if all these problems are priced in or does it go even lower,” T3Live.com chief strategic officer Scott Redler said.
$Snap Inc (SNAP.US)$ Redler said the Snap news was a big surprise, since traders viewed social media as immune to supply chain problems. Even though social media was under pressure as a whole Friday, he said stocks have been able to diverge within sectors recently.
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