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Apple loses up to $81 billion in market value as shares tumble 4% post iPhone 12 launch

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Apple loses up to  billion in market value as shares tumble 4% post iPhone 12 launch

Apple stock fell as much as 4% on Tuesday as the tech giant unveiled its first slate of 5G- phones iPhone 12 range, erasing $81 billion worth of market value. The stock recovered some losses and closed down 2.7%. The tech giant revealed its first 5G-capable lineup of phones spread across four new models.

Apple’s new phones will be available in a 6.1-inch iPhone 12, 5.4-inch iPhone 12 Mini and the iPhone 12 Pro in 6.1-inch and 6.7-inch sizes, all of which support 5G. The new phones will also boast more durable screens, upgraded cameras, and a faster processor.

According to BusinessInsider, shares traded at an intraday loss before the event but slid further after the reveal began at 1 p.m.

At the stock’s intraday low of $119.65 per share, Apple saw $81 billion erased from its market capitalization. Apple traded at $121.97 per share as of 3:35 p.m. ET Tuesday, up roughly 67% year-to-date.

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The Apple iPhone launch event adopted the usual concept of going online (for this year at least) and was recorded from the Apple Park.

The new 2020 iPhone 12 lineup includes four iPhones this time – the iPhone 12, the iPhone 12 Mini, the iPhone 12 Pro, and the iPhone 12 Pro Max – changing the number of iPhones per year henceforth.

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Cardi B criticizes husband Offset for cheating allegations.

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Cardi B criticizes husband Offset for cheating allegations.

Addressing Husband Offset’s Cheating Allegations

Celebrity relationships often face intense scrutiny, with the private lives of public figures frequently making headlines. Cardi B, the renowned rapper and entertainer, recently found herself in the spotlight once again, this time addressing cheating allegations involving her husband, Offset. In a candid and bold move, Cardi B openly criticized Offset for his alleged infidelity. In this blog post, we delve into the context of the situation and examine the significance of Cardi B’s response to the cheating allegations.

Cardi B and Offset, both well-known figures in the music industry, have had a tumultuous relationship that has been closely followed by fans and media alike. Previous instances of cheating allegations and subsequent reconciliations have kept their personal lives in the public eye. Now, faced with yet another round of accusations, Cardi B has chosen to address the matter head-on.

In a display of openness and honesty, Cardi B publicly criticized her husband, Offset, for the alleged cheating incidents. Through her social media presence, she expressed her disappointment and frustration, making it clear that infidelity was unacceptable. Cardi B’s candid criticism sent a powerful message, not only to her husband but to her millions of fans worldwide.

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Cardi B’s decision to publicly address the cheating allegations demonstrates her commitment to transparency and holding her partner accountable. By openly criticizing Offset, she challenges the common narrative that infidelity should be swept under the rug or excused due to celebrity status. Her response empowers others to assert their boundaries and expectations within relationships, fostering a dialogue about trust, respect, and fidelity.

Furthermore, Cardi B’s choice to address the issue publicly also highlights the complexities of navigating personal relationships under public scrutiny. Celebrities often face added pressure to maintain a certain image, and Cardi B’s willingness to address these challenges openly showcases her authenticity and vulnerability.

While Cardi B’s public criticism may be seen as a powerful stance against infidelity, it also raises questions about the future of her relationship with Offset. Only time will tell how they choose to address and resolve the allegations, as well as the impact it may have on their personal lives and careers. However, Cardi B’s firm response serves as a reminder that addressing issues within a relationship, regardless of public perception, is essential for personal growth and maintaining healthy boundaries.

Cardi B’s candid criticism of husband Offset in response to cheating allegations has sparked conversations about trust, accountability, and the complexities of public relationships. By openly addressing the issue, she encourages others to stand firm in their expectations and reinforces the importance of open dialogue in relationships. As Cardi B continues to navigate her personal journey, her candidness serves as a reminder that even public figures face challenges and must prioritize their own well-being and happiness.

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