|Bid||6.72 x 21500|
|Ask||6.73 x 36200|
|Day's Range||6.71 - 6.78|
|52 Week Range||2.81 - 7.26|
|Beta (3Y Monthly)||1.76|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 25, 2020 - Mar 2, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.35|
The U.S. Justice Department will review plans by Alphabet Inc-owned Google to buy fitness tracker maker Fitbit Inc for possible antitrust issues, a source told Reuters on Tuesday. The $2.1 billion deal will give search and advertising giant Google the capability to take on Apple and Samsung in the crowded market for fitness trackers and smart watches. Watchdog groups like Public Citizen and the Center for Digital Democracy, among others, have urged antitrust enforcers to block the deal on the grounds that it will give Google even more data about American consumers.
The U.S. Justice Department will review plans by Alphabet Inc-owned Google to buy fitness tracker maker Fitbit Inc for possible antitrust issues, a source told Reuters on Tuesday. The $2.1 billion (£1.64 billion) deal will give search and advertising giant Google the capability to take on Apple and Samsung in the crowded market for fitness trackers and smart watches. Watchdog groups like Public Citizen and the Center for Digital Democracy, among others, have urged antitrust enforcers to block the deal on the grounds that it will give Google even more data about American consumers.
Apple Inc. captured 35% of the global wearables market in the third quarter with its Apple Watch, AirPod, and Beats headphones products, according to market-research company IDC. Analysts at IDC estimate that Apple shipped 29.5 million wearables in the period, up from 10 million in the year-earlier quarter. "Looking ahead, the price reduction on the Series 3 Watch as well as the launch of AirPods Pro leaves Apple in a strong position to maintain dominance in this market for the short term," IDC said in a release. China's Xiaomi and Huawei Technologies Co. Ltd. occupied the second and fourth positions in IDC's table, shipping an estimated 12.4 million and 7.1 million devices, respectively. Samsung Electronics Co. Ltd. was third with 7.1 million, while Fitbit Inc. rounded out the top five with 3.5 million.
(Bloomberg Opinion) -- I now have low expectations when Mark Zuckerberg writes a manifesto, gives a speech, grants media interviews or fields questions from lawmakers.In these settings, and particularly on questions about how the world should or does work, Facebook Inc.’s chief executive officer can seem over-rehearsed, scarily superficial, cravenly political, evasive — or all of the above. But in less-scripted moments, or when the world isn’t watching, Zuckerberg is often clear-eyed about where the internet is going and articulate about Facebook’s strategy. Fifteen years after Zuckerberg started Facebook in his college dorm room — maybe you’ve heard that story before? — that scary-smart version of Zuckerberg remains the internet executive I want to hear from the most. Don’t believe me?Check out the transcript the Verge published in October of two meetings between Zuckerberg and employees. Most of the attention focused on his forceful push back to Elizabeth Warren and others who want to break up Facebook. But I was more interested in Zuckerberg’s astute explanation of how TikTok, the short-video app from China’s Bytedance Inc., is a distilled, video-focused version of Instagram’s “explore” section. He is not wrong.With those employees, Zuckerberg also talked in more nuanced ways than he has in public about the novelty of a Chinese internet app gaining traction outside its home country, how Facebook was trying to copy elements of TikTok and why TikTok was vulnerable. This was the opposite of the thousand-yard-stare Zuckerberg the public sees in media interviews. This was Zuckerberg in his element as a skilled and confident internet diagnostician and tactician.That Zuckerberg may not be the likable Everyman who pets a calf, but I wish we got to see more of him. Repeatedly in Facebook’s quarterly earnings calls over the years, Zuckerberg has given moments of insight that distill Facebook’s playbook or explain what trends such as online video, the Snapchat app and the Pokemon Go mobile game show about the future of technology.You get a likewise incisive, perhaps cutthroat, version of Zuckerberg from reading Facebook internal emails that come out in occasional lawsuits or investigations. Those glimpses are of a ruthless and savvy executive trying to undermine rivals and devise partnerships that would make people more loyal to Facebook. You might read those selective disclosures and feel Zuckerberg is unethical and selling out people who use Facebook. You might be right. But he is also astute about what works on the internet and how to position Facebook for success.And if Facebook was the mystery bidder for wearable gadget company Fitbit Inc., Zuckerberg refused to get involved in a conventional corporate acquisition process and basically nagged Fitbit’s CEO to make a deal on his terms. It was kooky, and the CEO of the unidentified suitor seemed like a loose cannon, at least in the one-sided telling of this Fitbit securities document. It’s also true that Zuckerberg’s personal involvement and unconventional personal persuasion helped Facebook acquire Instagram, which likely added more value to Facebook than anything else the company did this decade. Look, even the savvy tactician Zuckerberg can be horribly wrong. He brushed off the effects of misinformation spreading on Facebook around the 2016 U.S. presidential election. He plunged his company rashly into live video, a feature that is rife with risks and one that has not taken over the internet as Zuckerberg once predicted.Maybe Zuckerberg is just like the rest of us. When he’s talking out of the glare of shouting members of Congress and engaging on topics he feels confident about, he’s like a different person. Today, though, more is expected. Leaders — particularly those like Zuckerberg whose products are so widely used and influential — are expected to be capable of thinking deeply about problems in the world, not only to devise clever product and business strategies.The people who lead large companies must play many roles: diplomat, policy maker, motivational captain of their employees and an assuring public face to customers. It’s a nearly impossible assignment, but that doesn’t mean we should lower the bar for these executives. A version of this column originally appeared in Bloomberg’s Fully Charged technology newsletter. You can sign up here.To contact the author of this story: Shira Ovide at email@example.comTo contact the editor responsible for this story: Daniel Niemi at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shira Ovide is a Bloomberg Opinion columnist covering technology. She previously was a reporter for the Wall Street Journal.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
(Bloomberg) -- Google is facing a U.K. investigation into its $2.6 billion takeover of data company Looker Data Sciences Inc., opening up another front in the Alphabet Inc. unit’s ongoing battle with lawmakers.The Competition and Markets Authority on Thursday said that it issued an initial enforcement order, which prevents companies from integrating their services while the regulator carries out a early-stage review of the acquisition. The CMA has asked for comments on the deal by Dec. 20 before it decides whether to begin a formal probe.Google announced in June that it planned to buy U.S.-based Looker for its cloud unit, which lags far behind Amazon.com Inc. and Microsoft Corp. with just 4% of the cloud-computing infrastructure market as of 2018, according to the most-recent figures from analyst Gartner Inc. U.S. regulators cleared the deal in November.The U.K. review -- likely to focus on how Google plans to wield its power over data -- comes as Margrethe Vestager, the European Union’s Competition Commissioner, leads the charge into looking into how companies collect and use information. In August, she called tech giants “robot vacuum cleaners” sucking up valuable data in a way that can undermine competition.Vestager is currently investigating “the data business model” used by Google and others to collect information on how people use the web. She said the EU has posed “many questions to Google and others to get their views” and help the EU understand how the industry works, with a focus on contractual terms.Google agreed to buy smartwatch maker Fitbit Inc. for $2.1 billion. The tie-up, announced in October, has come under scrutiny from U.S. lawmakers.Though Google isn’t a leader in smartwatches or fitness trackers, regulators in the U.S. and elsewhere will likely have questions about what Google intends to do with the data Fitbit users have shared over the years, including intimate health and location information.\--With assistance from Jonathan Browning.To contact the reporter on this story: Giles Turner in London at email@example.comTo contact the editors responsible for this story: Giles Turner at firstname.lastname@example.org, Peter Chapman, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains takes a look at 3 large-cap tech stocks that investors might want to buy for December...
Cyber Monday is gradually gaining more attention from bargain hunters than Black Friday. These ETFs and stocks could be great picks in this regard.
A document filed with the SEC reveals the behind-the-scenes competition between Alphabet and another suitor for the hand of the smartwatch maker.
This week, we learned about an intriguing tech deal that wasn't: A failed bid by Facebook to buy Fitbit. In a recent SEC filing, Fitbit reported that a company called Party A had offered $7.30 per share for Fitbit -- but was ultimately bested by Google, which offered $7.35 per share, or $2.1 billion, for the wearables firm. Facebook shares closed 0.41% lower on Tuesday to $198.97, while Alphabet ticked up 0.56% to $1,313.00.
The CEO of a mystery company "emailed James Park, our chief executive officer, to request that they have dinner," Fitbit said.
Shares of Fitbit pick up the pace after a proxy filing reveals a surprise bidding war between Google and a mystery firm that may have pressured Google parent company Alphabet to move forward with its $2.1 billion all-cash offer.
Last week, Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) stock finally made new all-time highs. This hasn't come easy and it did it under the radar without much fanfare. Critics of Alphabet stock have had this stigma against it for a while. But now that it has some clean air ahead there should be more upside to come. After all, Google still trails the S&P 500 this year.Source: Benny Marty / Shutterstock.com Fundamentally, Alphabet stock is not expensive but it has some froth it could shed under the right circumstances. So it won't a straight shot to the moon, especially if markets correct. GOOGL sells at a price-to-earnings ratio of 28 and 6.5X sales.But given the momentum it has, it would take a lot to press sell buttons against GOOGL stock for too long. This is a valuable company that has a monster advertising cash cow. GOOGL dominates in search, especially in mobile, and that's where the whole world is moving to. So it has a good grasp of where it has a sustainable advantage that it could use to further better its prospects.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Google Is Not a One Trick PonyAs always, Alphabet continues to pursue forays into other venues, and three stick out as having excellent potential at becoming significant contributors to the company's bottom line. First, there is their self-driving subsidiary Waymo. They've made tremendous progress there and they have a legitimate shot at dominating the field once the regulations catch up with the technologies. * 7 Strong Buy Stocks That Are Bargains Right Now Then there are the healthcare and banking sectors. GOOGL has recently announced their acquisition of Fitbit (NYSE:FIT). This gives them an entry point into the medical field. With Fitbit data they now can expand their knowledge of their clients so much further and on a personal level they can offer even more services along those lines.Then, most recently, Alphabet announced its partnership with Citigroup to offer checking accounts as early as next year. This is their follow up to the Google Wallet app, where users can store their credit card information on file for ease of use. Clearly this is a company that is thinking outside of the box and it has the cash and expertise to execute on these plans and more. Alphabet Stock Has Help From the ChartsTechnically, Alphabet stock has a peculiar setup going into year-end. It has recently set a new high just above the resistance levels from April and July of last year. Essentially, this is Google stock bulls' third attempt at breaking out from this range. And now that they have, their job is to hold this neckline as forward support so they can extend this rally to its fullest potential.If this market continues to grind higher, then GOOGL stock should overshoot another 10% higher. It is not inconceivable that GOOGL stock could reach $1,500 per share if unobstructed by extraneous headlines. While this is not a guaranteed result, the buyers have the reins, so the sellers are unable to sustain the selling pressure to foil the rally. This means that investors will buy the dips in GOOGL. Click to Enlarge Source: Charts by TradingView So this roof now has the potential to become forward support. This is not one fine line, but it is a zone of resistance and GOOGL is entering a big void. Now that they crossed into it, it is much easier to advance through it with little resistance. So for those long Alphabet stock, these dips in a bullish overall market are not a reason to leave the stock. * 10 Lithium Stocks to Buy Despite the Market's Irrationality For those looking to get long and profit from a rally, they can start building a tactical position on dips. The fact is that equity buyers are in charge, and Wall Street sentiment is the exact opposite of what it was this time last year. So the bears are at a disadvantage and they will need a new set of negative headlines to break this positive momentum. Rehashes of the same old headlines of hiccups in the tariff war will not do. This is old news and it's already baked into the stock market.The bottom line is that Alphabet stock has the momentum to add another 10% of gains in this bullish equity market. Moreover and longer term, if the markets are higher, then so is Google stock.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Sickly Healthcare Stocks to Avoid * 5 Lottery Stocks With Huge Upside -- And a Real Chance of $0 * 7 Top Stocks to Buy for 2020 The post Why Alphabet Stock Can Keep Rolling Higher Now appeared first on InvestorPlace.
NEW YORK, NY / ACCESSWIRE / November 25, 2019 / Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies: Carolina Financial Corporation (NASDAQ:CARO) The investigation ...
Paulson & Co. disclosed on Nov. 18 an interest in the independent oil-and-gas explorer of 10,338,663 shares, less than half of what Paulson reported on Nov. 5 when it revealed a 9.5% stake. Since the prior disclosure, Paulson shed nearly 52% of its position with sales of 11,254,860 shares at prices ranging from $4.29 to $4.57 each on Nov. 14 and 15, leaving it with a 4.5% interest in Callon’s outstanding stock. Paulson previously stated that it would vote its shares against Callon’s proposed $1.2 billion merger with Carrizo Oil & Gas (CRZO) first announced in July.
Despite the U.S.-China trade setback, stocks could still climb in 2019 and beyond, and the tech industry remains a key growth driver. Therefore, we searched for tech companies with our Zacks Stock Screener that also pay a dividend...
(Bloomberg) -- Google announced plans to buy enterprise software firm CloudSimple Inc., another sign the search giant isn’t letting a flurry of antitrust investigations interrupt its expansion strategy.CloudSimple will join Google Cloud, a priority business for the Alphabet Inc. unit. The companies didn’t disclose financial terms.The acquisition could help Google get a foothold in a corner of the cloud-computing market where larger rivals, Microsoft Corp. and Amazon.com Inc., have run ahead. CloudSimple builds tools that help companies move information, applications, databases and other systems from in-house data centers to the public cloud.The Santa Clara, California-based startup specializes in VMware virtualization software, which helps businesses run corporate networks and business software more efficiently. VMWare’s large enterprise customer base has made it an attractive partner for the leading public cloud providers, including Google.In a Google blog post announcing the deal, Ajay Patel, a VMware Inc. senior vice president, said his company will continue to work with CloudSimple.In recent months, U.S. regulators and Congress have opened multiple inquiries into Google over competition concerns, including the company’s history of acquisitions. Since those probes began, Google has announced multibillion-dollar takeovers of Looker Data Sciences Inc., a cloud company, and Fitbit Inc., a device-maker.Google has argued that it has a small market share in cloud computing, enterprise software and consumer devices. Antitrust officials cleared Google’s $2.6 billion bid for Looker in early November.To contact the reporters on this story: Mark Bergen in San Francisco at email@example.com;Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
When Google bought Fitbit they were engaged in a bidding war with a secret company for the health tracker. It turns out that Facebook was the opposing company bidding against Google to acquire Fitbit, according to a CNBC report. Tech editor Dan Howley breaks it all down.
An SEC filing revealed a bidding war between Google and a mystery company for FitBit. CNBC reports that bidder was Facebook. Yahoo Finance's Dan Howley joins Akiko Fujita on The Ticker to discuss.