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SQUAWK BOX, TUESDAY 26TH OCTOBER, 2021
Manage episode 305507410 series 2874694
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Swiss lender UBS smashes Q3 forecasts, with pre-tax profit surging by more than 30 per cent. Facebook earnings top expectations and the company increases its share buyback programme, but the numbers are overshadowed by whistleblower Frances Haugen’s testimony to UK lawmakers in which she accused the social media giant of political bias and putting profits over online user safety. Facebook has hit back at the allegations. Tesla breaks through the $1tn market valuation ceiling after car hire Hertz company orders 100k vehicles. The deal prompts shares to soar, adding $36bn to CEO Elon Musk’s personal fortune.
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