Archive · 18 Jul 2026
Tech Stocks Tumble Amid Weak Earnings and Setbacks
On Friday, Netflix's stock dropped by 7.3% because the company reported its slowest revenue growth in a long time.
At the same time, SpaceX, Elon Musk's rocket company, saw its shares fall by 5.4% after a important test launch of its Starship rocket was canceled.
This happened during a tough period for tech investors, who have lost over $1 trillion in market value in about a month.
These events show that investors are worried about the performance and future of big tech companies.
Netflix shares fell 7.3% due to weakest revenue growth in years.
SpaceX shares dropped 5.4% after aborted Starship rocket test launch.
Tech investors have lost over $1 trillion in market value in about a month.
Netflix's revenue growth was the weakest reported in recent years.
SpaceX's crucial test launch of Starship rocket was aborted on Thursday.
- Who
- Netflix and SpaceX
- What
- Stock price declines due to weak earnings and aborted test launch
- When
- Friday
- Where
- Global tech market
- Why
- Investor concerns over weak revenue growth and technical setbacks
- Netflix
- 7.3% drop in shares
- SpaceX
- 5.4% drop in shares
- Tech Sector
- Over $1 trillion market value erased in a month
- Netflix Revenue Growth
- Weakest in years
- SpaceX Test Launch
- Aborted on Thursday