On Tuesday, Facebook, Inc. (FB) fell -2.24% to $251.09, and the decline has increased to -4% since Monday, while Twitter, Inc. (TWTR) has declined -2.37% to $47.04 with a gross loss of -6.4% since Monday. Facebook and Twitter continue to suffer outrage about the role of social networks in the eruption of violence that lead to the Capitol incidents, leaving 5 people dead on January 6. Twitter, which permanently suspended Donald Trump’s social media account, also announced that more than 70,000 accounts devoted primarily to relaying material of the QAnon conspiracy campaign had been suspended since Friday, in the face of the possibility of abuse.
AstraZeneca PLC (AZN) was stable at $50.29, losing -0.53 percent. The British laboratory has submitted its application to the European health authorities for a Covid-19 vaccine developed at the University of Oxford. On Tuesday, the European Medicines Agency (EMA) reported that it had received an application for authorization, stating that it would conduct an expedited investigation, a decision which could be handed down on 29 January if the data supplied were reasonably robust and complete.
Alibaba Group Holding Limited (BABA) stable by losing a bit of -0.78% to $225.6, while Tencent Music Entertainment Group (TME) improved by +2.29% to $21.46. Familiar sources cited by Reuters claim that China will require its technology giants Tencent, Ant, or JD.com to exchange the credit data of their consumers to deter improper theft or credit. The Chinese government is further hardening its efforts toward local technology pioneers. Alibaba, whose creator Jack Ma went missing, also plummeted 3.7 percent on Wall Street yesterday on concerns of nationalization.