Buzz on social media: Alibaba Group Holdings, Snap poised to decline, Amazon to rise; Wallstreetbets Stocks Significantly Down Before Market Open

Before Monday's opening bell, the most-discussed equities in the Wallstreetbets subforum on Reddit were primarily down.

After increasing 3.5% on Friday, Tesla was down 3.6% in the premarket. According to media sources quoting the company's website and prices for its Model 3 and Model Y automobiles on the Chinese market.

Amid worries that Chinese President Xi Jinping's leadership transition will further tighten the regulatory environment for tech giants, Alibaba Group Holdings fell 12% premarket.

After falling 28% the previous day as a result of a lower-than-expected Q3 adjusted earnings, Snap fell 2.2% premarket. However, sales increased.

The parent company of Facebook, Meta Platforms, declined 1.6% before the opening bell after falling 1.2% on Friday, while NVIDIA was flat premarket after advancing 2.2% on Friday.

GameStop, a popular meme stock, fell 0.83% premarket while Apple, which had gained 2.7% on Friday, dipped 0.2% premarket.

Amazon.com defied the trend and increased 0.4% in premarket trading, building on a 3.5% gain on Friday.