CNBC Television published this video item, entitled “ViacomCBS, Discovery take hit following Archegos massive stock sale” – below is their description.
Some of the severe selling pressure in select U.S. media stocks and Chinese internet ADRs on Friday was due to the forced liquidation of positions held by the multibillion dollar family office, Archegos Capital Management, according to a source with direct knowledge of the situation. CNBC’s “Squawk Box” crew discuss.
CNBC Television YouTube Channel
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