Social media is no longer where the money is, at least according to US stock markets last week. Facebook and Twitter should have deleted their own accounts after their share prices fell more than 20 per cent on continuing concerns over privacy and fake accounts/trolls.
It was a bad week for tech in general with even Intel and Amazon failing to meet market expectations. So now it’s all up to Apple, who will be the last of the FAANGs to post earnings for the quarter.
Also in the finance world, two of the world’s largest central banks; the US Federal Reserve and the Bank of England, will meet to discuss interest rate hikes and economic outlook.
