|Bid||1,863.72 x 800|
|Ask||1,864.59 x 800|
|Day's Range||1,859.48 - 1,870.82|
|52 Week Range||1,307.00 - 2,050.50|
|Beta (3Y Monthly)||1.71|
|PE Ratio (TTM)||92.47|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The Lyft IPO has rightfully left a bad taste in the mouths of many investors who were clearly bamboozled.
Yahoo Finance's Brian Cheung sat down exclusively with St. Louis Fed President & CEO James Bullard about the economy and monetary policy.
Yahoo Finance's Adam Shapiro chats with Mercedes-Benz US.. CEO & President Dietmar Exler. He fills Julie Hyman in on the latest with luxury cars.
In the world of online shopping , often buyers will purchase an item only after they see that other people also like it. Many online purchases are based on careful consideration of star ratings and product reviews left by complete strangers. Some 82% of U.S. adults say they at least sometimes read online customer ratings or reviews before purchasing items for the first time, according to a 2016 Pew Research Center survey .
A skunkworks engineering team at Facebook Inc. has spent the past year building out a voice assistant similar to Amazon.com's Alexa, Apple Inc'’s Siri and Alphabet Inc.'s Google Assistant, the company said Wednesday. “We are working to develop voice and AI assistant technologies that may work across our family of AR/VR products including Portal, Oculus and future products,” Facebook said in a statement to reporters. Facebook's announcement came after CNBC reported the company was in talks with several smart speaker manufacturers about a possible new product.
Google will launch YouTube, YouTube TV and YouTube Kids on Amazon Fire TV devices in the coming months. Amazon Prime Video will also soon be supported by the Google Chromecast. It ends a streaming spat between the two companies that dates back to 2017, when Google pulled YouTube from Amazon.
If you add up the value of the companies whose leaders Campbell worked with — who also include Apple Inc. co-founder Steve Jobs, Google co-founders Larry Page and Sergey Brin, and Amazon.com founder Jeff Bezos — it would total more than $1 trillion.
Google Cloud lags Amazon and Microsoft in market share and customer experience, but new CEO Thomas Kurian, previously a longtime Oracle executive, is trying to change that.
Amazon.com Inc. and Alphabet Inc.'s Google said Thursday the official YouTube app will be launched on Amazon Fire TV, Fire TV smart TVs and Prime Video app "in the coming months," for streaming on Chromecast and Chromecast devices. Prime Video will become available on Android TV, and the YouTube TV and YouTube Kids apps will be available on Fire TV later this year. "We're excited to bring the Prime Video app to Chromecast and Android TV devices, and to give our customers convenient access to the shows and movies they love," said Andrew Bennett, head of worldwide business development for Amazon's Prime Video. Shares of Amazon were down 0.1% in premarket trade and Alphabet inched up 0.1%, while futures for S&P 500 edged up 0.2%.
Four decades after R2-D2 delivered a vital message from Princess Leia in the hit movie "Star Wars", a French supermarket group plans to use robots inspired by the drum-shaped droid to transport food to customers in Paris. Stepping up the race for automated deliveries with online retailers such as Amazon, Casino's Franprix chain will test the delivery robots on the streets of Paris's 13th arrondissement for a year. In the French capital, where Amazon has been running its Amazon Prime Now express delivery service since 2016, the speedy and convenient delivery of food has become a battleground among retailers.
What’s Ahead for Hulu after AT&T Stake Sale?(Continued from Prior Part)Hulu’s investment in original contentHulu has spent billions of dollars on original content to build its subscriber base amid competition from streaming giants like
Yandex Q1 Preview: Advertising, Cloud, Hardware, and Uber IPO(Continued from Prior Part)Yandex owns a stake in UberRide-hailing giant Uber is planning to go public this year, following in the footsteps of its rival Lyft (LYFT). Yandex (YNDX) owns
The premium on Twilio (NYSE:TWLO) continues to increasingly draw attention. Despite warnings about valuation coming from multiple quarters, Twilio stock has recovered quickly from all of its temporary pullbacks over the last 16 months. Consequently, this has taken TWLO stock to multiples that worry investors not typically concerned with value.With any path to higher stock prices becoming more unpredictable, investors should avoid this equity for now. Trading on Vision PremiumTwilio has come to dominate the platform-as-a-service (PaaS) market. Given that so many mobile apps rely on the company's product, the company appears poised to become one of the more essential tech firms. The upshot is that Twilio stock trades with what I call a "vision premium" -- that is, companies that bring cutting-edge technologies and trade on potential future earnings rather than the multiples of today.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTwilio's vision premium has taken its forward price-to-earnings (PE) to an astronomical 437 times earnings. As a result, both my InvestorPlace peers and I have cautioned traders not to buy at these levels. * 10 S&P 500 Stocks to Weather the Earnings Storm Admittedly, Twilio dominates the PaaS niche. Also, the fact that Twilio stock has become very expensive will not necessarily take the shares down. Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) moved higher for years despite supporting triple-digit PE ratios at times.My colleague Bret Kenwell calls TWLO stock a "buy on any pullback." He points to several instances where buying at near-term bottoms led to massive profits. This thesis may continue to prove correct. Voting, Weighing and Twilio StockUnfortunately, when a stock trades well into triple-digit multiples, "predicting" begins and ends with the limits of charting. Moreover, when looking at this, I find myself turning to a quote from Warren Buffett's mentor, Benjamin Graham."In the short run, the market is a voting machine, but in the long run, it is a weighing machine."The "weighty" factors which could affect Twilio stock extend beyond the fact that TWLO trades at about 23.4x sales and more than 28x its book value. We also trade in the 11th year of a bull market, making a stock selloff more likely. With no fundamentals to support its value, Twilio might bear the brunt of such a downturn.Also, traders should consider the history of past tech leaders. Cisco (NASDAQ:CSCO) lost about 90% of its value after becoming one of the more popular tech equities of the dot-com boom. Assuming a company survives such a stock loss, the effects of these high valuations can also last for decades. Cisco still has not recovered its 2000 high more than 19 years after the dot-com bubble reached its peak. Many high-flying tech stocks have and will continue to face similar situations. Competitive Threats RemainMoreover, while Twilio has become the dominant PaaS company, competitors such as Zendesk (NYSE:ZEN) and RingCentral (NYSE:RNG) do exist. These PaaS providers hurt Twilio stock last year when Uber announced that they would look at other PaaS companies. Twilio stock recovered when the company expanded its product and service offerings. However, TWLO could face further trouble if large, deep-pocketed cloud companies such as Microsoft (NASDAQ:MSFT) or Amazon decide to compete in this space. * 7 High-Risk Stocks With Big Potential Rewards As things stand now, Twilio stock trades at about 9.6% below its 52-week high. A move higher remains possible. Still, considering its situation, I see more factors that could bring about a pullback than inspire a recovery. Bottom Line on Twilio StockTwilio stock lacks a predictable path to further share price increases in the near term. Given that valuation has not influenced the price of TWLO, it could rise from these levels. For now, TWLO stock commands a vision premium, and the likelihood that it will dominate this up-and-coming industry drives this stock for now. Still, at some point, valuation matters. With forward PE ratios well into the triple digits, TWLO appears more likely to attract more weight than votes.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Avoid Twilio Stock As Long As Valuations Remain Stratospheric appeared first on InvestorPlace.
Amazon said it will "no longer operate a marketplace on Amazon.cn" and "will no longer be providing seller services on Amazon.cn effective July 18."
SAN FRANCISCO/BEIJING/HONG KONG (Reuters) - Amazon.com Inc said it will shut its China online store by July 18, as the U.S. e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world's most populous nation. The move underscores how entrenched, home-grown e-commerce rivals have made it difficult for Amazon's marketplace to gain traction in China. Consumer research firm iResearch Global said Alibaba Group Holding's Tmall marketplace and JD.com controlled 82 percent of the Chinese e-commerce market last year.
Amazon will keep running its other businesses in China, including Amazon Web Services, Kindle e-books, and cross-border operations that help ship goods from Chinese merchants to customers abroad. Starting on July 18, customers logging in to Amazon’s Chinese web portal, Amazon.cn, will only see a selection of goods from its global store, rather than products from third-party sellers.
Amazon said that it will close its online store in China that allows the country’s consumers to buy from Chinese merchants after facing difficulties competing with domestic champions Alibaba and JD.com. The company said it was shifting its focus to selling imported goods in China, based on greater customer demand for products from the US and elsewhere. “Over the past few years, we have been evolving our China online retail business to increasingly emphasise cross-border sales, and in return we’ve seen very strong response from Chinese customers,” the statement said.