Apple Has Displaced Tesla As the No.1 Shorted Stock on Wall Street
Short sellers have reduced their bets on Tesla this year, leaving Apple as the new No.1 shorted stock on Wall Street.
tech stock
Ford is Dumping Its Rivian Stake At the Worst Possible Time
Ford has lost billions of dollars on its investment in Rivian, an electric truck startup. Unlike other investors waiting for a rebound, Ford decided to cut losses.
Why Are Tech Stocks Getting Murdered? Interest Rates. War. Angst.
Alphabet, Amazon, Apple, Meta, and Microsoft are down 19%, 31%, 13%, 38%, and 17% respectively. All are underperforming the S&P 500, and they’re among the fortunate. Netflix has dropped 65% in 2022, Shopify is down 70%, and Lyft lost nearly a third of its value just on Wednesday.
