December 15, 2022 | Daily Business Review
Fallen FAANGs, Nasdaq Wipeout Mark 2022 for Tech StocksSurging inflation and interest rates have eroded the favorable conditions that contributed to tech's yearslong advance, raising the prospect of recession in 2023.
By Subrat Patnaik and Ryan Vlastelica
5 minute read
November 21, 2022 | Daily Business Review
Money-Losing Tech Stocks Fade Again as Fed Stays HawkishThe brief record rally this month in shares of unprofitable and highly valued technology companies is starting to look like a short-lived blip amid a steady drumbeat of hawkish commentary from Federal Reserve officials.
By Ryan Vlastelica, Bloomberg News
4 minute read
July 20, 2022 | Daily Business Review
Snap's Warning Looms Over Battered Online Ad StocksMost of the companies that dominate online advertising went public after the Great Recession of 2008-2009, so investors are getting their first taste of how well their businesses and share prices will hold up in a tough economy.
By Ryan Vlastelica
5 minute read
May 23, 2022 | Daily Business Review
Tech-Bottom Signals Have Yet to Scream 'Buy Now'Tech stocks have been hammered this year as rising interest rates, slowing economic growth and soaring inflation form a perfect storm of negative catalysts.
By Ryan Vlastelica and Michael Msika
5 minute read
April 13, 2022 | Daily Business Review
Airbnb's 135% Rally Takes IPO Crown With Room to RunAirbnb's revenue grew to $1.53 billion in the fourth quarter, as people spread out over thousands of towns and cities with workers no longer having to be in traditional offices five days a week.
By Subrat Patnaik and Ryan Vlastelica
3 minute read
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