4.6 • 854 Ratings
🗓️ 27 July 2018
⏱️ 24 minutes
🧾️ Download transcript
Facebook's massive post-earnings sell off caught the market off guard, but should investors have been so surprised? We tackle that, and Spotify's second report as a publicly traded company.
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| 0:28.9 | Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. |
| 0:35.0 | It's Friday July 27th and we're talking tech earnings. |
| 0:39.0 | I'm your host Dylan Lewis and I'm joined on Skype by senior tech specialist Evan New. |
| 0:44.0 | Evan, I appreciate you hopping on even with all of the house troubles you're currently |
| 0:48.0 | dealing with over in Colorado. |
| 0:50.0 | Yeah, we got some thunderstorms kind of flooded my basement, but always make time for the podcast. |
| 0:55.1 | Yeah, and I think our listeners appreciate it. |
| 0:57.6 | Plenty for us to be covering this week. |
| 1:00.3 | Facebook earnings, probably one of the biggest stories in the market. |
| 1:04.1 | I think we're going to touch on that first, and then we're going to get over to Spotify's earnings |
| 1:07.6 | as well. |
| 1:08.6 | It's a company we've been covering over the last couple months. |
| 1:11.4 | So looking at Facebook, this company posted the largest |
| 1:14.9 | single-day market cap loss in stock market history. Investors erased roughly |
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