CORAL GABLES, FL / ACCESSWIRE / January 18, 2019 / The future of tech stocks is predicated on the belief that engineers and scientists are prepared to meet the challenges of our changing planet with innovative approaches to solving the world's most complicated issues. With the advent of artificial intelligence, big data, vehicle automation, and a plethora of other futuristic developments coming out of the space, it makes sense that investors are interested in the development of companies from the multi-billion dollar industry, and as a result of the recent increase of favorable public opinions, the tech industry may see gains as a result of this industry gaining favorable market opinion. XSport Global, Inc. (XSPT), Activision Blizzard Inc (ATVI), Electronic Arts Inc (EA), and Bilibili Inc (BILI) are 4 tech stocks on the move on Friday.
XSport Global, Inc. (XSPT) is a company demonstrating exactly what it takes to design state-of-the-art technology to create products meant for the advancement of the greater tech industry. As they seek to further the success of high-performance athletes around the world through "leading sciences, innovative technologies, and pioneering digital media," investor opportunities may emerge in the process.
In late-November 2018, XSport Global, Inc. (XSPT) announced their rapid development of FitLinkDNA, a service designed to help athletes train, compete, and perform at their full capacity. Per the announcement, the service will include a set of comprehensive digital reports that will become the athletes' digital blueprint - allowing them to develop a tailored, personalized, wellness regimen.
Robert Finigan, CEO of XSport Global, Inc. (XSPT), said, "Decoding the human genome is one of the most significant undertakings that has ever been mounted in the history of science. DNA sequencing has revolutionized our understanding of the human genome and provided insights that were beyond comprehension just ten years ago. By taking it a step further and using that knowledge to provide real solutions to genetic level problems, the Company is working to monetize advanced technology and its applications in one of the most high-growth, highest-grossing global industries ever."
Activision Blizzard Inc (ATVI) announced earlier this month that the company was making three key leadership appointments to maintain a well-balanced management team. The Company named several long-time veteran executives to lead three of their operating units. Call of Duty® Executive Vice President and General Manager Rob Kostich has been named President of Activision; Humam Sakhnini has been named President of King Digital Entertainment, having most recently served as both Chief Financial Officer and Chief Strategy Officer of the operating unit. The Company also named Dennis Durkin President of Activision Blizzard's Emerging Businesses, in addition to his role as Chief Financial Officer of the Company.
Following the Company's announcement, Bobby Kotick, CEO of Activision Blizzard, said, "Rob, Humam, Dennis and J. exemplify our deep bench of operational and commercial leadership. These capable and seasoned executives have shown unwavering commitment to our company, our employees, and our beloved community of fans around the world. With these proven, principled leaders at the helm, we will continue to invest in the strategic growth drivers of our business; our talented people, and creating the world's best video games, live services, mobile experiences, and new and growing franchise engagement models."
Electronic Arts, Inc (EA) informed investors earlier this week that the Company will release its financial results for the third fiscal quarter ended December 31, 2018 after the close of the market on Tuesday, February 5, 2019. In conjunction with the release of their results, the Company said they will host a conference call to review their financial results for the third quarter, discuss the future, as well as disclose other material developments affecting business and/or financial performance.
Bilibili Inc (BILI), a leading online entertainment platform for young generations in China, announced at the tail-end of last month that they had entered into a business collaboration agreement in content-driven e-commerce with Taboo Marketplace, China's largest mobile commerce destination under Alibaba Group. Under the agreement, Bilibili and Taobao will collaborate to develop a dynamic ecosystem that will better connect content creators, merchandise and users on both platforms.
Rui Chen, Chairman of the Board and Chief Executive Officer of Bilibili, said, "This business collaboration with Taobao is a remarkable testament to Bilibili's commercial potential and closely aligns us with China's leading and most successful e-commerce platform. We can now leverage Taobao's gigantic platform and seasoned e-commerce operating capabilities to further help our content creators realize and improve their commercial values, thereby building a more-virtuous content community and commercialization-focused ecosystem."
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