Latest in tech stocks

Falling victim to the latest spasm of market volatility, Amazon shares plunged 14% today in the wake of a poor first-quarter earnings report. It was the company’s worst single-day decline since 2006, according to Bloomberg data. The pullback, which saw the stock settle at $2,485.63 erased more than $200 billion in…

Facebook led a rout of tech stocks and broader market indexes Monday amid outages at its core services and news that the whistleblower behind a recent series of damning stories in the Wall Street Journal will testify before Congress tomorrow. Facebook shares were down by $324 or more than 5% as the Nasdaq dropped 340…

Stocks jumped Monday as Democratic candidate Joe Biden leads in the polls and investors predicted a wave of stimulus will buck up the economy if he’s elected, and especially if the Dems take the Senate. Upbeat sentiment buoyed media from broadcasters to Discovery, AMC Networks, ViacomCBS and Netflix — but left tech…

Guggenheim Securities analyst Michael Morris has boosted his 12-month price targets for six internet companies he covers, upgraded Snap Inc. and initiated coverage of Pinterest with a buy rating. In a report summarizing the sweeping adjustments Monday, Morris cited an effort to shift analysis of the companies to bring…

Twitter shares were up nearly 9% in a flat market as reports, sparked by a job posting, circulated that the social media platform, is contemplating some type of subscription platform. The posting was for a developer to work on a team called Gryphon. “We are a new team codenamed Gryphon. We are building a subscription…