US media stocks suffer
January 21, 2016
January 20th saw the US Dow Jones share index crash more than 500 points.
Amongst the top fallers were media and technology stocks. Twitter, despite being helped by rumours that News Corp might be a buyer, at one point hit a new ‘low’ of $15.48.
Mainstream stocks also suffered, with Netflix and CBS dropping more than 5 percent at one stage. Yahoo was down 3.3 per cent, 21st Century Fox fell 3.1 per cent, Viacom down 1.8 per cent, Disney down 1.5 per cent, Time Warner 1.3 per cent and Discovery down 1 per cent.
Other posts by Chris Forrester:
- Thuraya-3 suffers major problem
- AST SpaceMobile hit by Class Action
- Optimism under threat at SES
- Rivada visits Terran Orbital’s manufacturing HQ
- Avanti wins spectrum debt obligation case
- SpaceX breaks records for re-use launchers
- IRIS2 already in trouble?
- Intelsat contemplates next steps
- SpaceX: 2.7m customers and $180bn value