Cu through its time to risk less and make more options action starts right now. We start with a news alert. 13fs are hitting lets get to leslie with some of the details. Leslie hey, melissa, thats right. 13 app deadline is not until monday but weve seen a couple of notes hit the third point filing is out. Dan lopes made interesting moves in the tech world, notably increasing his exposures to some chinese ecommerce plays alibaba, upping that stake by about 26 , worth about 742 million at the end of the third quarter. J. D. Com, upping that stake by 37 to about 345 million at the end of the quarter in kind of the faang space, increased his space on facebook while keeping in kind of other u. S. Tech world, keeping his stakes in microsoft and pinterest at the same level. He also took stakes in two ipos. Palantir he bought for 21 million and goodrx worth 27 million. As with all of these 13 f filings, the stakes and values are as of the end of the quarter, the end of september and may have c
Few sessions for tech stocks losing over a trillion dollars in value in just the last three days josh lipton is sorting through the carnage and has more josh thats right, jon bigtech names suffering big losses take another look here at apple, minhaj, amazon, alphabet, facebook and tesla just to put the plunge into perspective. The last three days essentially wiping out three weeks of gains. At the start of this year, these Six Companies were worth about 5 trillion. Their value then peaked at 8 trillion just last week. Now they lost about 1 trillion sounds like a lot, but also keep in mind, the remarkable runs these stocks have had. For example, apple is trading about 15 off its alltime high. Still up, though, about 60 so far this year. Same goes with amazon. Down about 6 so far this month, but the stock is still up more than 70 so far in 2020. Also, check out the smh, the etf that tracks the chips bouncing here this morning. Trading about 10 off its most recent high. Sector surge on th