Why Comcast Stock Dropped 15.1% in April

All Posts in "Dropped"

Why Comcast Stock Dropped 15.1% in April

What happened

Shares of Comcast (CMCSA -1.99%) dropped 15.1% in April, according to S&P Global Market Intelligence. The media and cable conglomerate reported its first-quarter earnings, which came in above expectations, but investors still decided to sell off the stock toward the end of the month. Compared to the S&P 500, which was down 8.8% in April, Comcast trailed the index by 6.3% in the period.

So what

Comcast is an entertainment and telecommunications conglomerate with a market capitalization of $179 billion. It owns a broadband internet/cable business, NBC Universal, Sky Entertainment, and many other assets.

Image source: Getty Images.

On April 28, the company reported earnings for the first three months of 2022. Revenue of $31 billion, up 14% year over year, beat analyst expectations of $30.5 billion going into the report. Adjusted earnings per share (EPS) hit $0.86, up 13% year over year. This number

Vaccine Hesitancy Among the Consumers Has Dropped by 50%

Joe Biden mentioned vaccine misinformation on platforms like Facebook is “killing individuals.”
Fb responded by expressing vaccine hesitancy between its customers has fallen 50% given that April 2020.
Facebook stated Biden is trying to blame it for missing his intention of 60% vaccination by July 4.

Facebook is firing back again at Joe Biden for saying the social media website is liable for vaccine hesitancy.

President Joe Biden mentioned Friday that social media platforms like Fb are “killing persons” by enabling vaccine misinformation to spread.

Person Rosen, Facebook’s vice president of integrity, printed the firm’s entire rebuttal in a weblog article on Saturday.

“The simple fact is that vaccine acceptance between Facebook buyers in the US has amplified. These and other info tell a quite diverse story to the a person promoted by the administration in the latest times,” Rosen mentioned.

Rosen reported Fb has been