Value
Apple Shares Drop 20% From Peak As Stock Market Plunges
Apple’s stock fell Wednesday along with a sharp sell-off in the broader market as investors, with the election behind them, dumped stocks and turned their focus to a world of problems – tax increases and spending cuts that could stall the nation’s economic recovery and a deepening recession in Europe.
Apple Sets Record For World’s Most Valuable Company
Apple’s surging stock propelled the company’s value to $624 billion, the world’s highest, ever, beating the record for market capitalization set by Microsoft Corp. in the heady days of the Internet boom.
Facebook Shares Close Under $26 After 3rd Consecutive Slide
The stock fell $1.03, or 3.8 percent, to close Tuesday at $25.87. It’s 32 percent below its initial public offering price of $38. It’s the stock’s lowest closing price to date. Earlier Tuesday, it went as low as $25.75.
Analyst: Puffed Up User Numbers May Mean Facebook Is Overvalued
Facebook says it has 843 million monthly active users, but getting a read on how many people actually visit Facebook’s site every day is considerably more complicated. Ultimately, some experts have said that that could mean the company is over-valued.
Apple Again Battling Exxon For Most Valuable Company
Apple briefly surpassed Exxon as the most valuable U.S. company after an excellent quarter, though the oil company has regained the lead at the market’s close.
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