As the economy has fallen into a downward spiral over the last month, behemoth corporations have proven that they are not immune. Apple (AAPL), Microsoft (MSFT), Intel (INTC) and more are all down over 10% from early 2020 highs. However, fortunately for these companies, they have physical products to sell. Twitter (TWTR), SNAP (SNAP), and Facebook (FB) don’t.These social media titans sell services—specifically, ads. Despite the fact that people are home, and are spending more time on social media than ever before, each of these companies is down over 20% since mid-February. Why? As people are at home rather than …read more
Source:: Yahoo Finance
