‘Magnificent seven’ tech stocks tumble a whopping $280B as crypto surges
Google's parent company Alphabet was the worst performer on the day, falling 9.5% in a massive $180 billion wipeout.
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Google's parent company Alphabet was the worst performer on the day, falling 9.5% in a massive $180 billion wipeout.
Block Inc. outperformed analyst expectations and saw its share price jump in after-hours trading, but its Bitcoin revenue dipped due to price declines.
The vehicle manufacturer's latest earnings report for the third quarter shows it's made no changes to its Bitcoin holdings since its huge sell-off in the second quarter.
“This is obviously a very expensive undertaking over the next several years,” said Mark Zuckerberg.
“There are so many customers beating a path to our door that we have to have all hands on deck just to keep everything running,” Coinbase CEO Brian Armstrong explained…