“Apple withstood the tech plunge Thursday, holding tight to its all-time highs even as Facebook drags the sector lower,” Sara Salinas reports for CNBC. “Shares of Apple were essentially flat in midday trading, down a fraction of 1 percent. Earlier in the day, the stock reached a new high of $195.96.”
“Meanwhile, Facebook is on pace for its worst day ever after its second-quarter earnings report. Amazon, which reports earnings after the bell Thursday, fell nearly 2 percent. Twitter fell almost 4 percent after a shot from President Donald Trump, and Microsoft fell roughly 1 percent,” Salinas reports. “By noon ET the S&P tech sector was down 1.5 percent.”
Twitter “SHADOW BANNING” prominent Republicans. Not good. We will look into this discriminatory and illegal practice at once! Many complaints.
— Donald J. Trump (@realDonaldTrump) July 26, 2018
“Apple reports its quarterly earnings next week, as it nudges closer to $1 trillion market value,” Salinas reports. “The stock is up 15 percent on the year and more than 25 percent in the last 12 months.”
Read more in the full article here.
MacDailyNews Note: Apple’s Q318 results are scheduled to be revealed on Tuesday, July 31, 2018, at market close. Check our homepage right around 4:30pm EDT for the results report.
Mark Zuckerberg loses $16 billion in record Facebook fall – July 26, 2018
Facebook stock plunges as users vanish – July 25, 2018
Apple highlights user privacy as Facebook exec steps down – June 14, 2018
The 18 things you may not realize Facebook knows about you: Firm reveals the extent of its spying in a 454-page document to U.S. Congress – June 12, 2018
Facebook confirms sharing users’ personal data with Chinese companies – June 6, 2018
Apple’s macOS Mojave removes integration with third-party internet accounts like Facebook – June 6, 2018
Apple borks Facebook’s pervasive personal data-harvesting operation – June 5, 2018
Apple requested ‘zero’ personal data in deals with Facebook – CEO Tim Cook – June 5, 2018
Facebook CEO blasts Apple’s latest privacy protections as ‘cute virtue signaling’ – June 5, 2018