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Bloomberg Tech

Snap's Sell-Off and Twitter's Upcoming AGM

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 24 May 2022

⏱️ 57 minutes

🧾️ Download transcript

Summary

Bloomberg's Emily Chang reviews Snap's shares plummeting as much as 40% on a disappointing forecast and breaks down what it means for tech and social media stocks. Plus, a peek at Twitter's upcoming Annual General Meeting. 

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Transcript

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0:00.0

Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental

0:06.2

leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th.

0:12.8

Title sponsor Amazon, Official Airline, Alaska Airlines.

0:17.6

Supporting sponsor, Providence.

0:19.9

Contributing sponsor, Wareyerhauser.

0:22.6

Get 40% off using promo code Radio 40

0:26.0

at Bloomberg Live.com slash Green Festival.

0:37.0

From the heart of where innovation, money and power collide. In Silicon Valley and beyond, this is Bloomberg Technology with Emily Chang. I'm Emily checking in San Francisco and this is Bloomberg Technology coming up in the next hour

1:00.4

snaps sell-off shares plummeting as much as 40% on a disappointing

1:05.2

forecast catalyzing fresh turmoil in tech stocks. How much lower can they go?

1:10.4

We will discuss. Plus Twitter's annual shareholder meeting coming up

1:15.0

Wednesday with Elon Musk still pressing pause on a deal. He hasn't

1:19.7

tweeted about it recently either. We'll preview what to expect. And California's landmark

1:26.0

law requiring corporate boards to include women is ruled unconstitutional. We're

1:31.2

going to speak with California first partner Jennifer Sebel Newsom in an

1:35.0

exclusive interview her take on why we need more parity in the boardroom and the

1:39.7

research that backs it up. We will get to all of that in a moment before stocks

1:44.0

pairing their losses as a rebound in defensive companies

1:47.2

offset a slide in tech shares triggered

1:49.5

by that profit warning from Snap shares plunging

1:52.2

below their IPO price after cutting their

1:54.5

revenue profit forecast taking other social media stocks and tech more

...

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