Tuesday , January 23 2018
Home / Apple / Twitter, Apple, and Google Stocks Tumble on Black Monday

Twitter, Apple, and Google Stocks Tumble on Black Monday

Twitter, Apple, and Google Stocks Tumble on Black Monday

Last Monday, the Global Stocks recorded the lowest point of the biggest tech companies in the world. Everyone in the room, including each and every investors watching and waiting for the latest figure, was holding his breath when this specific moment happened. After long years of trading, this is the mark of such an alarming phase in the economy of the world.

The four giants in the technology were suddenly faced in a remarkable downfall in stocks when the Stock Market opened on Monday. It was recorded that Twitter was 17.2% down, Facebook was 12.6% down, Apple was 11% down, and Google was 7.9% down. This was the first time it ever happened to these four giants in more than one or two decades of business stocks trading.

According to a professor in Stern School of Business in New York University, Roy Smith, it was only due to some corrections in the US market. It was probably because of the overvaluation of the Tech stocks, he said. He explained that, because of the large market of the Chinese retails on tech products, the US tech firms were affected.

The said “stock bleeding” on these four giants was slowly stopped as the trade closed that day. They were able to slightly recover from bleeding, but not totally.

Based on this record, China actually plays an important role in the growth of manufacturing and sales of Apple because most of the parts are manufactured in China and a large percentage of Apple sales come from China. For Facebook, Twitter, and Google, these three giants were no longer materializing in China because of several hacking issues and problems. Apple may not have to worry of the severe impact on its Global Stock market as Mark Williams, the Chief Asia Economist at Capital Economics, said that there is actually no direct threat among tech companies.

About Lovebel Talisic

Lovebel is an expert freelance writer. With her 4 years experience in online writing, she was able to establish a good reputation and considered as among the top rated writers who specializes in writing tech news, tech-related articles, product reviews, products descriptions, SEO articles, web content and e-books. She can be contacted at lovebelllll@gmail.com.

Check Also

Google’s Curated App Store Is Counting Its Days Towards The End Of Its Life

Google is pulling the plug on the app portal of its education initiative. The tech ...

Leave a Reply

Your email address will not be published. Required fields are marked *