Technology stocks fell premarket Monday, with the Technology Select Sector SPDR Fund (XLK) down 2.8% and the SPDR S&P Semiconductor ETF (XSD) 7% lower recently.
AppLovin (APP) Chief Executive Officer Adam Foroughi said in a CNBC interview Friday that his company's offer for TikTok is "a much stronger bid than others." In a statement emailed to MT Newswires, Foroughi said the company has a deal that can "provide a win for the Trump administration and for the creators of TikTok." Shares of AppLovin declined by over 8% premarket.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.