|Bid||1,531.00 x 100|
|Ask||1,532.92 x 100|
|Day's Range||1,516.36 - 1,560.99|
|52 Week Range||903.00 - 1,617.54|
|PE Ratio (TTM)||248.37|
|Earnings Date||Apr 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,674.07|
Saudi Arabia's finance minister says artificial intelligence, data mining and augmented reality is where it's targeting a massive spending push.
American and British lawyers recently launched a joint class-action lawsuit against Facebook (FB), Cambridge Analytica, and two other firms, the Guardian reported. The two other firms are SCL Group Limited and Global Science Research Limited (or GSR). SCL Group is the parent of Cambridge Analytica, the political consultancy firm believed to have developed a powerful voter profiling tool using data obtained from Facebook.
Meet Sandra, who is, according to her creators, “the world’s most responsive and intelligent personal assistant and knowledge navigator”, and the eponymous subject of Gimlet’s latest foray into podcast fiction. Sandra can tell you the temperature in Bratislava, order your dinner or make an appointment at the dentist. Sandra is like Siri or Alexa, only creepier because, unbeknown to her users, she is powered by humans rather than artificial intelligence.
According to industry reports, Alphabet’s (GOOGL) Google is in advanced discussions with respect to acquiring Nokia’s (NOK) airborne broadband business. Google could use Nokia’s airborne Internet technology to deliver faster Wi-Fi connectivity on airplanes. In-flight Internet provider Gogo’s (GOGO) stock price declined on the news of Google exploring the acquisition of Nokia’s airborne broadband technology.
IT giant International Business Machines (IBM) has benefited from strong growth in cloud technology. The ongoing digital transition trend across most enterprises has spurred huge demand for public, private, and hybrid cloud. Moreover, higher usage of data and online transactions has led to increased demand for cloud technology.
Netflix (NFLX) has been gearing up its growth efforts by investing in content and marketing to add and retain subscribers. Netflix expects to increase its marketing budget from ~$1.3 billion in 2017 to ~$2.0 billion for 2018. Netflix plans to invest $7.5 billion–$8.0 billion in 2018 to generate original content, up from $6.0 billion in 2017.
Amazon.com Inc. has bulls bellowing happily after revealing its Amazon Prime subscription program exceeds 100 million members worldwide. “Amazon continues to have an ‘iron grip’ on the e-commerce market heading into the rest of 2018,” said Daniel Ives, GBH’s head of technology research, in a note late Wednesday. The figure came in above Wall Street’s estimate of 80 million Prime members and GBH’s projection of 92 million, Ives added.
If there is anything to glean from all the pay ratio disclosures, it’s that there needs to be more consistency in how they are calculated and reported before they can be useful to investors. When the Securities and Exchange Commission adopted the pay ratio rule nearly three years ago, in which companies were required to report how the annual total compensation of the chief executive officer compares with the median of the annual total compensation of their employees, the idea was to provide more insight into income inequality. One problem that arises is that companies only count what each employee is paid during the year, while CEO compensation could include estimates of market value of unvested stock options and other benefits, such as security measures for a CEO’s residence.