Twitter soared 20% today; here’s the logic of that move (I think)
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Fed report calls biotech and social media stock valuations “stretched”
Despite better than expected second quarter earnings from big Wall Street banks Goldman Sachs (GS) and JPMorgan Chase, U.S. stocks have moved lower today on a Fed report that called valuations for biotechnology and social media “substantially stretched.”