Investing.com
Published Sep 27, 2021 13:54
By Geoffrey Smith
Investing.com -- Stocks in focus in premarket trading in New York on Monday, 27th September. Please refresh for updates.
Facebook (NASDAQ:FB) stock fell 0.9% after the social media giant said it will pause work on its “Instagram Kids” project, days after a series of heavy-hitting articles in The Wall Street Journal exposed how the company had failed to act effectively to stop Instagram inflicting psychological damage on teens. Instagram head Adam Mosseri said he still believes the project “is the right thing to do.”
Alphabet stock (NASDAQ:GOOGL) traded 0.3% lower following a CNBC report that it willl cut its commission on sales on its Cloud marketplace to 3% from 20%, in an effort to build market share. Google's Cloud hosting business is currently a distant third behind Amazon (NASDAQ:AMZN) Web Services and Microsoft (NASDAQ:MSFT)'s Azure.
Written By: Investing.com
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