Subrat Patnaik

Subrat Patnaik

December 15, 2022 | Daily Business Review

Fallen FAANGs, Nasdaq Wipeout Mark 2022 for Tech Stocks

Surging 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

October 11, 2022 | Daily Business Review

Chipmaker Earnings Estimates Fall at Fastest Pace Since 2008

Having gone from boom to bust in less than a year, the semiconductor industry now is bracing for a storm that's expected to hit everyone.

By Subrat Patnaik and Michael Msika

3 minute read

October 05, 2022 | Daily Business Review

Microsoft's Turn Is Coming in Stock Battle With Apple

Much of Microsoft's almost $200 billion of annual revenue comes from providing essential software and services to businesses.

By Subrat Patnaik

3 minute read

August 22, 2022 | Daily Business Review

Bed Bath & Beyond Leads Rout in Meme Stocks as Mania Fizzles

Bed Bath & Beyond Inc. tumbled 14% after a report some suppliers were restricting or halting shipments altogether after the company fell behind on payments.

By Bailey Lipschultz and Subrat Patnaik

3 minute read

August 15, 2022 | Daily Business Review

T-Mobile Surprises as Tech Winner in Tough Stock Market

Mobile-phone carrier T-Mobile US's stock has jumped 26% and is flirting with an all-time high.

By Subrat Patnaik

3 minute read

June 15, 2022 | Daily Business Review

Apple's $2 Trillion Market Valuation on Shaky Ground

After briefly surpassing $3 trillion in January, Apple has lost more than $800 billion in capitalization as tech stocks plunged.

By Subrat Patnaik

3 minute read

June 09, 2022 | Daily Business Review

As Meta Ditches FB Ticker, Investors Shun Metaverse

Wall Street is pounding the table on the next big thing in technology, predicting the metaverse could be a $13 trillion industry by the end of the…

By Subrat Patnaik

4 minute read

May 24, 2022 | Daily Business Review

Social Media Stocks Set to Erase $100 Billion on Snap Warning

Snap and platforms such as Facebook and Google are competing for advertising dollars at a challenging time.

By Subrat Patnaik and Thyagaraju Adinarayan

3 minute read

April 13, 2022 | Daily Business Review

Airbnb's 135% Rally Takes IPO Crown With Room to Run

Airbnb'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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