Investors in the Ark Innovation ETF (ARKK) have been fed through the wringer this year, as Cathie Wood’s flagship disruption fund is already down 22% — whipsawing investors in both directions. Of the 44 components of the fund, including Tesla (TSLA), Shopify (SHOP), Zoom Video (ZM), none are currently up on the year — leaving investors to lick their wounds. Since the ARKK topped out just shy of $160 nearly one year ago, rallies have become increasingly short-lived — such as last week’s… Source link
Read More »Facebook and Alphabet Pummeled After Snap Warns on Ads
(Bloomberg) — A collapse in shares of Snap Inc. dragged technology companies exposed to digital advertising lower late on Thursday after the owner of the Snapchat app warned that customers are cutting back on ad spending. Most Read from Bloomberg Facebook Inc. and Twitter Inc. were among the biggest decliners, with each at one point sinking more than 6% in postmarket trading. Google-parent Alphabet Inc. slid 2.8%. Snap cited customers’ supply chain problems and Apple Inc.’s data… Source link
Read More »Yandex Pummeled by Potent Meris DDoS Botnet – Threatpost
Record-breaking distributed denial of service attack targets Russia’s version of Google – Yandex. Technical details tied to a record-breaking distributed-denial-of-service (DDoS) attack against Russian internet behemoth Yandex are surfacing as the digital dust settles. A massive botnet, dubbed Mēris, is believed responsible, flooding Yandex with millions of HTTP requests for webpages at the same time. This DDoS technique is… Source link
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