Tag Archives: plummeted

‘They will come to a bad ending’: A year since its $69K peak, Bitcoin has plummeted more than 70% — here’s why Warren Buffett has hated cryptocurrency all along It’s been a tough year for Bitcoin and its backers. And even back in 2018, the Oracle of Omaha predicted that it and other cryptocurrencies were headed for trouble. “They will come to a very bad ending,” Warren Buffett told CNBC at the time. After hitting an all-time peak of around $69,000 per unit on November 10, 2021, the world’s… Source link

Meta (FB) CEO Mark Zuckerberg on Tuesday unveiled new plans for the company’s turn toward the metaverse, introducing company values like “live in the future” and telling employees they’ll be referred to as “metamates.” Shares of Meta ticked up slightly on the day but the company’s stock remains about 31% below where it stood upon the release of disappointing earnings at the outset of the month. Observers on Wall Street and in Silicon Valley have attributed the sudden collapse to sluggish user… Source link

Amazon is among the big tech stocks losing ground so far this year. (Source: AP) Stock market-listed technology companies the world over have seen their share prices plummet in the first few weeks of 2022, as concerns over rising inflation scare off investors. The NASDAQ 100 Technology index, which includes gigantic names like Apple, Microsoft and Google’s owner Alphabet, shed 12 per cent of its value in the first 21 days of 2022. The unusually sluggish start to the year for technology stocks… Source link