Facebook is too big to fail and Mark Zuckerberg knows it

Yesterday, Amazon (NASDAQ: AMZN), Netflix (NASDAQ: NFLX) Tesla (NASDAQ: TSLA) and Microsoft (NASDAQ: MSFT) rocketed to new record highs. Investors believe their business models are coronavirus-proof and are rushing to their shelters. Click here to read more.

Would you like to buy a Lemonade?

Lemonade Inc., the Softbank backed online insurer, said it raised $319 million in its IPO. The company priced its 11 million shares at $29 per share after previously offering the shares between $23 and $26 per share. Click here to read more.

Facebook is too big to fail and Zuckerberg knows it

Facebook’s CEO Mark Zuckerberg said that the companies boycotting Facebook’s family of apps “will be back”. The boycotters represent only a tiny fraction of Facebook advertisers. According to transcripts from an employee meeting, the company has zero policy changes planned. Click here to read more.

Premarket movers

Here are the biggest premarket movers

What else are we reading?

1. Uber wants to buy Postmates for $2.6 billion. Click here to read more.
2. Jeff Bezos Networth hits $171 billion, topping the pre-divorce lessons. Click here to read more.

That’s all from us.

Tomorrow is a public holiday in the U.S. so we will see you next week!