Monday markets: ASX media stocks’ $8bn hit, Twitter’s $2m loss after failing to declare ad revenue

June 6, 2022 10:30

The macroeconomic environment continues to spell trouble for investors as almost $8bn is wiped from valuation of ASX listed media stocks in 2022.

Rising inflation continues to influence speculation and doubt surrounding the value of media and tech stocks this week.

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Seja Al Zaidi

Seja Al Zaidi was Mumbrella’s finance reporter, spearheading the publication’s coverage on the financials of advertising, marketing and media sectors.

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Monday markets: ASX media stocks’ $8bn hit, Twitter’s $2m loss after failing to declare ad revenue

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