The Black Eyed Peas and Shar Peis are the top three earners in the US for the first time in nearly a decade.
But what if the two companies can’t raise money for their respective businesses?
If so, what should investors do next?
In the past, the stock market has risen when tech stocks, especially tech giants like Facebook, Google and Apple, go public.
But that is no longer the case.
For years, tech stocks have been a little more cautious than other sectors, holding off on announcing their next major product announcements until after the next general election, which is likely in 2019.
This has helped keep the stock markets relatively steady, but it’s also led to some stock investors holding off when the companies are up.
For investors, the recent news from the two tech companies that could see their shares soar is another reason to avoid buying tech stocks.
The companies have been facing intense scrutiny by regulators and investors alike over allegations that they were selling off their stake in their main tech businesses for profit.
In a statement to Recode, Facebook said it was disappointed by the announcement and that it would be reviewing its stock options.
“The company has received an aggressive amount of criticism for its decision to spin off its Facebook business in 2016, and as we look to accelerate the company’s growth, we have made some strategic changes to our business to better position us for long-term growth,” a Facebook spokesperson said in a statement.
“We believe that our company has a bright future, and we are actively pursuing our strategy to accelerate growth and diversify.
We will continue to share the company with our employees and the broader business community,” Facebook said.
Shares of Black Eyes were up by 2.8% on Friday.