Fisker is doing well, coronavirus fears plunge the market, and goodnews for Google and Facebook
Shares of electric vehicle start-up Fisker (NYSE: FSR) surged 13% on Friday in the company’s public debut on the New York Stock Exchange. Despite an impressive debut, Goldman Sachs was not impressed. The bank’s position is that SPACs typically get an initial rise after the deal is announced but tend to mostly underperform the market in the long run. Click here to read more
The threat of a second wave of the coronavirus and uncertainties over the results of the US elections have sent stocks spiralling down. The S&P and The Dow both finished Friday down 1.21% and 0.59% respectively. Even big tech companies were not left out of the slump as the information technology sector dropped over 5%. Click here to read more
European Union Competition Commissioner, Margrethe Vestager, said that splitting up large tech companies like Google and Facebook will not be necessary. The commissioner insisted “It will never come to that,” although the European Union could use this step in an extreme case. Click here to read more
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