Cloud stocks ripped 5.5% in the week ending May 27, 2022 but underperformed major indices 🤳 SNAP back. Snap, the social media app you never use any more, fell 40% and dragged down tech stocks on Tuesday as the company noted the macroeconomic environment deteriorated faster than expected. PINS, FB, TWTR, and GOOGL all sank.
☁️ State of Cloud May 2022
☁️ State of Cloud May 2022
☁️ State of Cloud May 2022
Cloud stocks ripped 5.5% in the week ending May 27, 2022 but underperformed major indices 🤳 SNAP back. Snap, the social media app you never use any more, fell 40% and dragged down tech stocks on Tuesday as the company noted the macroeconomic environment deteriorated faster than expected. PINS, FB, TWTR, and GOOGL all sank.