Facebook stock spikes despite ‘significant reduction’ in demand for ads
The coronavirus pandemic is significantly slowing the growth of Facebook’s ads business, but investors seem pleased with the company’s performance in Q1 after Facebook released its earnings report Wednesday. While Facebook’s ad revenues in Q1 showcased 17% year-over-year growth, Facebook used its earnings announcements to hedge expectations for Q2.
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Tesla stock soars as market see SpaceX’s success as credibility boost for Elon Musk
Tesla’s stock (TSLA) is soaring today and significantly outpacing the market despite the lack of significant news about the automaker, but some analysts attribute the jump to SpaceX’s successful launch of two astronauts, which they see as a credibility boost for Elon Musk.
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