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Facebook and Google stocks have diverged, and the reason is Apple

Facebook and Google stocks have diverged, and the reason is Apple

Facebook Chairman and CEO Mark Zuckerberg (L) and Google CEO, Sundar Pichai. REUTERS While Facebook is in the midst of its biggest stock drop ever and is trading at an 18-month low, Google remains near a record and has easily outperformed all of its Big Tech peers over the past year. The difference is Apple. Google and Facebook are the two dominant online ad companies in the U.S. and have been for years. While the companies do very different things and have faced their own unique issues, the… Source link

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