Squawk on the Street
Snap Plunges and Drags Down Tech, Markets Fall After Monday Rally, and Retail Earnings Parade Pains and Gains 5/24/22
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Show notes
Carl Quintanilla, David Faber and Mike Santoli led off the show with a look at shares of Snap tumbling and falling below its
2017 IPO price on the company’s profit warning. The anchors reacted to Snap's news dragging down social media stocks including Twitter, Pinterest and Facebook parent Meta Platforms. How might Twitter's decline impact Elon Musk's takeover bid for the company? Also in focus: Markets pulling back after Monday's rally, Best Buy rises and Abercrombie & Fitch plummets on earnings news, sources tell David that Broadcom is in talks to pay in the $140/share range for VMWare, plus a look at Jim Cramer's "green thumb." Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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