Tech tumbles ahead of crucial week for quarterly results [Reuters]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: Reuters
Tech tumbles ahead of crucial week for quarterly results | Reuters 5 Min Read SAN FRANCISCO (Reuters) - U.S. technology stocks tumbled on Friday ahead of a crucial week of quarterly reports from Alphabet, Facebook and other heavyweights as investors worried that the high-performance sector may be running out of fuel. Google-parent Alphabet ( GOOGL.O ) and Microsoft ( MSFT.O ) both lost more than 1 percent, while Apple ( AAPL.O ) tumbled 4 percent because of worries about slower-than-expected iPhone demand. When Alphabet and Facebook ( FB.O ) report next week, investors will be anxious for new details about how they may be affected by calls for increased government regulation following reports on March 17 that Facebook improperly shared personal information about its users with political consultancy Cambridge Analytica. A European law taking effect in May will allow European regulators to fine companies for collecting or using personal data without users’ consent, affecting Alph
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