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Last week in media: the video market was 'hot' but couldn't prevent a sell-off

2019-05-27 07:01:00| Telecompaper Headlines

(Telecompaper) The video market was in focus, last week, and all aspects of it. Our media index was down 2.1 percent, underperforming the S&P 500, which lost 1.2 percent. Adevinta, recently spun off from Norwegian Schibsted, was the week's winner gaining 14 percent, apparently without significant news. The heavyweights Alphabet (-2.5%) and Facebook (-2.3%) going down and in fact very few stocks ending the week up led to a dismall performance.

Tags: video media week market

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