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:
- SpaceX building a spy satellite network?
- Hot success for Musk’s Starship
- Bank downgrades SES
- Rocket Lab: “We must match SpaceX’s business model”
- Starship flight plan lodged
- FCC approves 7,500 Starlinks with E-band
- ESPI seeks new ways to finance Space activity
- Lost Eutelsat craft stabilised
- Musk’s Starship #3 to launch on March 14