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Headline : Bitcoin lifts crypto stocks, Meta sinks, Spotify soars, and Rubrik IPOs: Markets news roundup

Read more from the original article on here at qz.com.





Tags : #bitcoin #lifts #crypto #stocks #meta #sinks #spotify #soars #rubrik #ipos #markets #news #roundup


No. of Paragraph 23

Cryptocurrency-related stocks surged after Bitcoin underwent a successful “halving.”

Spotify stock rose by almost 17% after the company beat first-quarter estimates and provided strong guidance for the next quarter. The stock hit a 52-week high.

Rubrik, a Microsoft-backed company that makes data management software, went public and the stock quickly soared 20% . Under the ticker symbol RBRK, the unicorn company priced its initial public offering at $32 per share. The stock opened at $38.60 per share.

Meta stock fell more than 10%, even as the Facebook parent company reported better-than-anticipated sales in its quarterly earnings. The losses appeared to be driven by the company’s steep Metaverse losses, and CEO Mark Zuckerberg’s commitment to continue that spending.

Read more from the original article on here at qz.com.


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