Following positive COVID-19 vaccine news, Zoom's shares fell 13%+ and other “stay-at-home” stocks like Amazon and Netflix dropped 3.4%-5.4%
- Zoom Video stock fell as names benefitting from people staying at home due to the coronavirus pandemic came under pressure by the vaccine news.
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Discussion
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@robzepeda
@robzepeda
on x
Perfect example of the irrationality of market participants; nothing changed about these Co.'s fundamentals. Just a bit of news (rumor?). Such is the reality of stock market investing today.... 😕 https://twitter.com/...
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@martinsfp
Martin Sfp Bryant
on x
The market acting... prematurely, to say the least. https://twitter.com/...
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@alex
Very Tired Alex
on x
It appears that the stock market is treating COVID-19 as if it is over, when by EoY the Pfizer vaccine will have enough doses to treat ~6% of the US at most?
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Vox
Umair Irfan
on x
Pfizer claims its Covid-19 vaccine is 90 percent effective so far. Here's what we actually know.
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@virginiahughes
Virginia Hughes
on x
Pfizer's Dr. Jansen sought to distance the company from Operation Warp Speed and presidential politics, noting that the company did not take any federal money to help pay for research and development. “We were never part of the Warp Speed,” she said. https://www.nytimes.com/...
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@kenli729
Kenneth Li
on x
Will Netflix cite vaccine as a competitor, following TikTok, Fortnite and sleep?
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@lexnfx
Alexei Oreskovic
on x
tech stocks falling into two distinct buckets today - see if you can guess? LYFT up 23% GRUB down 10%
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@lexnfx
Alexei Oreskovic
on x
YELP up 21% NFLX down 6.4%
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@chrismessina
Chris motherfucking Messina
on x
This is a preview of how the market may respond more broadly when #StayAtHome/#ShelterInPlace is finally lifted. $AMZN $NFLX $ZOOM https://twitter.com/...
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@petebuttigieg
Pete Buttigieg
on x
Very encouraging news. If this and/or other vaccine candidates prove out, we will need to mount a massive national project to swiftly and equitably distribute the vaccine, ensure everyone has access (and confidence), and immunize America. https://www.nytimes.com/...
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@public_citizen
@public_citizen
on x
Don't be quick to trust Big Pharma here. Releasing preliminary and incomplete clinical trial data by press release is terrible science. Until this vaccine candidate receives independent review, we should temper our expectations. https://twitter.com/...
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@mattrosoff
Matt Rosoff
on x
There are good reasons to look past Uber's massive net loss, which will pass $6 billion this year — improving margins on its ride-sharing business offer a path to eventual profitability. https://www.cnbc.com/...
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@faizsays
Faiz Siddiqui
on x
Meanwhile Uber is finally trading above its IPO price — which had been elusive for the past year — on the news that drivers will remain contractors, providing some insight into why the company might be pursuing this strategy so aggressively https://twitter.com/...
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@levynews
Ari Levy
on x
Uber is about to close above its IPO price for the first time since June 2019 Stock up 62% this year Losses for 2020 will top $6 billion https://www.cnbc.com/...