Stocks were rallying on Friday and many of the most familiar names in the market were leading the way.
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the end of the second quarter of 2024 showed a big divergence of returns.
The power of online content creators has made them darlings of corporate marketing crucial to the launch of new products. Meta knows better than most how influential creators can be, but has failed to convince many to embrace its newest social network Threads, which launched a year ago Friday. “It’s an auxiliary thing, I don’t think any of the creators I have even post on Threads,” said Keith Dorsey, founder and CEO of Young Guns Entertainment, a social media talent management company in Atlanta