Twitter's new chairman, Patrick Pichette. Photo by Bloomberg.
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Blackout Day, Zoom’s Rocketing Revenue and Twitter’s Shakeup: The Information’s Tech Briefing

Photo: Twitter's new chairman, Patrick Pichette. Photo by Bloomberg.

One thing you can say about the stock market’s recent performance: at least it is consistent in its disconnection from reality. For the past couple of months, I’ve marveled at the ability of the market to rally even as the pandemic raged and the economy shrank. This week, as protests roiled the U.S., the market has continued going up—rising nearly 1% on Tuesday.

Facebook, the tech company arguably most exposed to negative fallout from the protests, hasn’t seen any meaningful hit to its stock price in the past few days.

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