Tech Down as Volatility Persists -- Tech Roundup
February 07 2018 - 5:19PM
Dow Jones News
Shares of tech companies fell as waves of volatility continued
to wash through risky sectors. Shares of Snap rose by as much as
50%, rallying past its initial-public offering price and quelling
concerns that Snapchat app was a fad. Snap said sales rose 72% in
the fourth quarter from a year earlier, far in excess of Wall
Street targets as it added 8.9 million daily users during the
period, up 18% from a year earlier. Goldman Sachs is in talks with
Apple to offer financing to shoppers buying phones, watches and
other gadgets from the tech giant, which is selling more premium
products, including the new iPhone X, which starts at $1,000.
Alphabet's YouTube online television site often directs people to
false and misleading content because of its algorithms.
-Rob Curran, rob.curran@dowjones.com
(END) Dow Jones Newswires
February 07, 2018 17:04 ET (22:04 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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