Big Tech Gets Wrecked and the Future of Facebook as an ESG Play
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 4 October 2021
⏱️ 43 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Live from the Nasdaq Market site overlooking New York City's Times Square. |
| 0:02.8 | This is Fast Money. I'm Melissa Lee. |
| 0:04.6 | Tonight's Trader lineup, Guy Adami, Tim Seymour, Karen Feynerman, |
| 0:07.8 | and Pete Najarian, co-founder of Marketabellian.com. |
| 0:10.4 | Tonight on Fast, outage and outrage. |
| 0:13.0 | She Facebook shares plundering nearly 5% as a whistleblower sounds the alarm, |
| 0:17.3 | and the company is hit with a massive service disruption. |
| 0:20.3 | We're breaking down the fallouts straight ahead, plus delivering gains. |
| 0:24.0 | Tesla holding in the green despite today's sell-off will bring you the big number |
| 0:28.1 | that had investors driving into this stock. |
| 0:30.2 | And later, Karen, ringing the register, |
| 0:32.4 | the one retail name she hit the sell button on today, |
| 0:34.8 | she'll tell us what it is and why it's time to bag it. |
| 0:38.6 | But we start off with a major sell-off on Wall Street, |
| 0:40.6 | the S&P dropping more than a percent, the Dow down over 300 points. |
| 0:44.5 | The tech-heavy Nasdaq plunging more than 2% posting its lowest close since June. |
| 0:49.5 | And take a look at the hit to the biggest names in the space. |
| 0:52.2 | Apple, Facebook, Amazon, Microsoft, Google, |
| 0:54.9 | losing a combined $236 billion in market cap today alone. |
| 1:01.2 | So is there more pain ahead? |
| 1:03.6 | Do you go in and start buying? |
| 1:06.2 | Guy, what do you think? |
... |
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