Thursday saw the S&P 500 drop by 1.5%, after falling as much as 3% during trading hours. The Nasdaq 100, DOW and the Russell 2000 also declined.

Meta Platforms has agreed to pay $725 million to settle a lawsuit related to its data sharing practices with Cambridge Analytica.

Microsoft says it will take on the Federal Trade Commission over its planned takeover of video game company Activision Blizzard.

Elon Musk has announced that he won't sell any Tesla stock for two years, having offloaded around $40bn-worth over the last 12 months.

In the meantime Tencent CEO Pony Ma has reportedly lambasted staff, telling them they couldn't 'survive as a business'.

CarMax shares slid on Thursday after the used car business said it was pausing share buybacks and some hiring efforts after third quarter profits fell by almost 90%.

Finally, FTX founder Sam Bankman-Fried clinched a bail deal that would see him released on a $250m bond.

#stockmarket #SP500 #Nasdaq #TSLA #Meta #Microsoft #Tencent #Carmax #FTX