U.S. stock markets closed lower for a third session on Wednesday, as losses in technology shares weighed. The Dow index lost 75.70 points, or 0.4 percent, to 17,492.30. The S&P 500 gave up 15.97 points, or 0.8 percent, to 2,047.62. The Nasdaq composite dropped 75.38 points, or 1.5 percent, to 5,022.87, according to AP
Big tech names fell the most. Yahoo slumped 1 percent after saying it would scrap a spinoff of its big stake in Alibaba. Apple and Microsoft also fell about 2 percent each.
Technology is the collection of techniques, skills, methods and processes used in the production of goods or services or in the accomplishment of objectives, such as scientific investigation. Technology can be the knowledge of techniques, processes, etc. or it can be embedded in machines, computers, devices and factories, which can be operated by individuals without detailed knowledge of the workings of such things.
On Wednesday, Shares of Facebook Inc (NASDAQ:FB), lost -1.77% to $104.60.
Facebook at Work, Facebook Inc’s professional version of its social network, is predictable to launch in the coming months, after spending a year in tests, a company executive said, according to Reuters
The new service, geared towards workplace collaboration, is nearly identical to its ubiquitous social network, with a scrolling news “feed”, “likes” and a chat service.
“I would say 95 percent of what we developed for Facebook is also adopted for Facebook at Work,” Julien Codorniou, director of global platform partnerships at Facebook, told Reuters.
Facebook started beta-testing the service in January and has kept it as a free, “invite-only” service for companies so far.
The service will be open to all companies once launched and Facebook plans to charge “a few dollars per month per user” for premium services such as analytics and customer support, a company spokeswoman said. Reuters Report
Facebook, Inc. is a social networking company. The Company is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It offers various services focused on people, marketers and developers. It offers various platforms for people to share their opinions, ideas, photos and videos, and to engage in other activities. Its products comprise Facebook, Instagram, Messenger and WhatsApp.
Shares of Twitter Inc (NYSE:TWTR), declined -2.68% to $24.32, during its last trading session.
Twitter Inc. TWTR said that it is experimenting with a new way to display tweets, sending shares up nearly 3% yesterday, according to Zacks
As per The Wall Street Journal, Twitter is testing an “algorithmic-driven news feed” for a small user base that will sort tweets as per relevance rather than the traditional reverse chronological order. The change is in sync with CEO Jack Dorsey’s promise of bringing big bold changes for the product.
Dorsey, after being designated full time CEO in October, has been trying to simplify the Twitter experience in the face of decelerating user growth.
He had addressed the timeline issue in the second quarter earnings conference call as the interim CEO. “You will see us continue to question our reverse chronological timeline and all of the work it takes to build one by finding and following accounts through experiences like why you are away and Project Lightning which launches this fall. Our aim is to show more meaningful tweets and conversations faster, whether that’s logged in or out of Twitter. It’s been awesome to use these new experiences daily and I believe we should strike the right balance of recency and relevance in a way that feels really great that truly show the power of Twitter right away.” Zacks Reoprt
Twitter, Inc. (Twitter) is a global platform for public self-expression and conversation in real time. The Company offers products and services for users, advertisers, developers and platform and data partners. Products and services for users enables a way for people to create, distribute and discover content, which enables a user on Twitter to create a tweet and a user to follow other users. Products and services for advertisers comprise of promoted products, which enable its advertisers to promote their brands, products and services, and extend the conversation around their advertising message.
Finally, Shares of LinkedIn Corp (NYSE:LNKD), ended its last trade with -3.16% loss, and closed at $230.98.LinkedIn Corporation (NYSE:LNKD) is a professional network on the Internet. The Company’s three product lines comprise Talent Solutions, Marketing Solutions and Premium Subscriptions. All three product lines are sold through two channels, an offline field sales organization, which engages with both large and small enterprise customers, in addition to an online, self-serve channel, which comprises enterprise customers and individual members purchasing subscriptions. The Company’s solutions comprise Free Solutions and Monetized Solutions.