Tech stocks are getting drubbed and taking the whole market down with them. But some big IPOs are still coming. We have your preview. And, it’s a big move by Hollywood super agency Endeavor into the streaming space. We break it down. Plus, the NCAA Final Four is set, and now our Unicorn Final Four is next. Who will be the next Google, Amazon, or Facebook? Catch The Final Round at 3:55 ET p.m. with Myles Udland and Dan Roberts.
Winners and losers
Stocks in the red include Tesla as the NTSB will examine an accident in California that resulted in post-crash vehicle fire; Nvidia, as Reuters reports the chipmaker has temporarily suspended self-driving car tests across the globe; and Twitter, with shares slipping as short-seller Citron Research said it sees Twitter as the ‘most vulnerable to privacy regulation.’
Stocks in the green include GlaxoSmithKline as the drugmaker has reached a deal to buy out Novartis’ stake in their consumer health care joint venture; Red Hat as the software provider’s quarterly report beat on both the top and bottom lines and it offered upbeat guidance; and GE, with shares finally getting a boost on a Bloomberg report that Warren Buffett’s Berkshire Hathaway is considering an investment in the troubled conglomerate.