Apple Crushes Social Media Stocks: What To Do Next

TheStreet2021-10-25

Snap stock crumbled on Friday, shedding tens of billions of dollars in market value – and Apple is to blame for much of it. Here is why, and what investors could do next. After a day of closely ...

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精彩评论

RajBengal
2021-10-25
RajBengal
A couple of things here are ironical.If the share is expected to drop only by the %age of revenue miss, you won't need a stock market. The price would've been fixed and you can buy it like any other goods.Apple only tightened the user control of activity tracking and this resulted in all the social media stocks tanking. This shows how much the violation of user privacy means for these stocks. Each big corporate talks big on the need of privacy but does exactly the opposite.
nick220
2021-10-25
nick220
Price drop sad
Sorrie2u
2021-10-25
Sorrie2u
Great ariticle, would you like to share it?
CTigger
2021-10-25
CTigger
Ya
- Waeisiong:
  Ok
CTigger
2021-10-25
CTigger
Okie
- CTigger:
  ya
Jenjorjack
2021-10-25
Jenjorjack
Buying the dip?
- Charging:
  [微笑]

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Here is why, and what investors could do next.\nAfter a day of closely ...</p>\n\n<a href=\"https://www.thestreet.com/apple/news/apple-crushes-social-media-stocks-what-to-do-next\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAPL","symbol_name":"苹果","start_time":0,"source_url":"https://www.thestreet.com/apple/news/apple-crushes-social-media-stocks-what-to-do-next","article_id":"1138536137","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1138536137","pubTimestamp":1635120525,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"Snap stock crumbled on Friday, shedding tens of billions of dollars in market value – and Apple is t","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AAPL":"苹果","SNAP":"Snap Inc"},"translate_title":"苹果压垮社交媒体股：下一步该怎么办","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":0.9,"SNAP":0.9},"content_text":"Snap stock crumbled on Friday, shedding tens of billions of dollars in market value – and Apple is to blame for much of it. Here is why, and what investors could do next.\nAfter a day of closely following the markets, it is time to wait for the closing bell, sit back and enjoy the rest of a relaxing evening, right? Well, not so fast.\nOn October 21, after the end of the trading session, social media company Snap rocked the markets. It delivered a Q3 revenue miss thatsentshares tumbling hard: -30% in after hour trading, at one point. The sudden loss of about $35 billion in market cap can be largely blamed on Apple and its iPhone privacy policy changes.\nToday, the Apple Maven explains how the Cupertino company caused shares of Snap and those of its social media peers to tank in the evening. Even the tech-rich Nasdaq index dipped 0.7% in after-hours trading, instantly erasing an estimated $120 billion in market value.\nFigure 1: Apple's new iPhone 13 model.\nWhat happened\nSnap’s Q3 results were not disastrous, at first glance. The revenue miss of $30 million (or four percentage points’ worth of top-line growth) was noticeable, but arguably not enough to make nearly one-third of the market value of Snap’s equity vanish in a snap of the fingers (pun intended). On earnings per share, Snap even topped Wall Street’s expectations by 9 cents.\nThe problem is that the revenue disappointment brought to light a sore subject in the internet and social media sectors. Earlier this year, Apple updated its iOS policies, giving device users the ability to opt out of activity tracking by third-party apps. The move was widely expected to hurt those whose business models rely on serving targeted ads – i.e. most social media and other internet companies.\nThe fears were largely confirmed on Thursday, following Snap’s Q3 print. CEO Evan Spiegel explained:\n\n “We missed the lower end of our guidance […] due to a few key factors, including changes to advertising tracking on iOS. […] While we anticipated some degree of business disruption, the new Apple-provided measurement solution did not scale as we had expected, making it more difficult for our advertising partners to measure and manage their ad campaigns for iOS.”\n\nThe after-hours bloodbath was not limited to Snap stock. Facebook, a near-trillion-dollar stock, also sank by as much as 8% instantly, before recovering about one-third of the losses within the hour. Alphabet, valued at almost $2 trillion, dipped nearly 3%. Twitter, a much smaller company by market cap, shed around $2 billion in value.\nThe contagion across the social media space can be explained by the fact that Snap was the first major internet company to report earnings this season. 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This may explain why, as SNAP crumbled in after hours, Apple stock headed higher instead by about 0.3%.\nWithin the tech sector, and in part for the reasons above, I continue to find AAPL one of the best names to own at current levels.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":858753020,"gmtCreate":1635124748225,"gmtModify":1635124748327,"author":{"id":"3577165274965013","authorId":"3577165274965013","name":"RajBengal","avatar":"https://static.tigerbbs.com/5717bdd287c00be07fb5e4db5198793e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577165274965013","authorIdStr":"3577165274965013"},"htmlText":"A couple of things here are ironical.If the share is expected to drop only by the %age of revenue miss, you won't need a stock market. 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Each big corporate talks big on the need of privacy but does exactly the opposite.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/858753020","repostId":1138536137,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":858732836,"gmtCreate":1635121619564,"gmtModify":1635121619649,"author":{"id":"4090813896055390","authorId":"4090813896055390","name":"nick220","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4090813896055390","authorIdStr":"4090813896055390"},"htmlText":"Price drop sad","listText":"Price drop sad","text":"Price drop 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the dip?","listText":"Buying the dip?","text":"Buying the 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