Shares of technology companies fell amid worries about earnings growth.
Shares of Facebook parent Meta Platforms fell amid fears that Snap’s warnings about digital ad demand could be repeated in its earnings report.
Separately, Facebook will allow content creators to monetize licensed music videos starting Monday, as the company ramps up its efforts to combat rival TikTok, the popular video-sharing app.
Electric car maker Tesla said it recorded a $170 million impairment charge against the book value of its bitcoin holdings for the first six months of the year.
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