1,264.55 0.00 (0.00%)
After hours: 6:31PM EDT
|Bid||1,264.69 x 1400|
|Ask||1,266.39 x 1100|
|Day's Range||1,246.45 - 1,269.00|
|52 Week Range||970.11 - 1,273.89|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||28.94|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,352.50|
Waymo, the self-driving vehicle technology startup under Alphabet, is settingup shop in a Detroit factory on American Axle & Manufacturing's campus
Technology firms should do more to connect people in positive ways and steer away from trends that have tended to exploit human weaknesses, ethicists told a meeting of Silicon Valley leaders on Tuesday. Tristan Harris and Aza Raskin are the co-founders of the nonprofit Center for Humane Technology and the ones who prompted Apple and Google to nudge phone users toward reducing their screen time. Now they want companies and regulators to focus on reversing what they called "human downgrading," which they see as at the root of a dozen worsening problems, by reconsidering the design and financial incentives of their systems.
The top Democrats and Republicans on the U.S. House Energy and Commerce Committee on Tuesday wrote Google Chief Executive Sundar Pichai raising concerns about reports of a massive database known as Sensorvault containing precise consumer location information on hundreds of millions of devices. The letter is one of several sent by members of Congress raising concerns about how Google or other big Internet companies use information they have gathered about consumers. The letter, which was signed by Democratic Representatives Frank Pallone and Jan Schakowsky and Republicans Greg Walden and Cathy McMorris Rodgers, asked Google who has access to the Sensorvault database and which Google services or apps collect the information.
Facebook, Inc. (NASDAQ: FB ) is looking to keep its 2019 momentum going when the social media giant reports first-quarter earnings on Wednesday afternoon. Here’s a look at what Wall Street is expecting ...
Google’s self-driving car spinoff Waymo says it will reopen an axle plant in Detroit to convert conventional vehicles so they can drive autonomously.
WASHINGTON (Reuters) - The top Democrats and Republicans on the U.S. House Energy and Commerce Committee on Tuesday wrote Google Chief Executive Sundar Pichai raising concerns about reports of a massive ...
Alphabet Inc's Google has completed a 10,000-kilometer (6,214-mile) subsea cable linking the coast of California to Chile, a key step in its plans to bolster its global cloud computing infrastructure. The cable, dubbed the "Curie" project, arrived at the Chilean port of Valparaiso on Tuesday, Google said in a post on their regional website. Google has been investing heavily in technology infrastructure, especially in vital submarine cables connecting up its global network.
Alphabet Inc's Wing Aviation unit on Tuesday got the okay to start delivering goods by drone in Virginia later this year, making the sister unit of search engine Google the first company to get U.S. air carrier certification, the Federal Aviation Administration said. Wing Aviation plans to start commercial package delivery in Blacksburg, Virginia, later this year. Wing partnered with the Mid-Atlantic Aviation Partnership and Virginia Tech as one of the participants in the Transportation Department’s Unmanned Aircraft Systems Integration Pilot Program.
The subsidiary, Wing Aviation LLC, now has the same certifications that smaller airlines receive from the U.S. Federal Aviation Administration and the Department of Transportation. It plans to begin routine deliveries of small consumer items in two rural communities in Virginia within months, the company said. “It’s an exciting moment for us to have earned the FAA’s approval to actually run a business with our technology,” Wing Chief Executive Officer James Ryan Burgess said in an interview.
From National Landing to SoHa, neighborhoods often find themselves renamed by forces outside the community, from big companies to real estate firms.
Corporate profits in 1Q 2019 were widely expected to be down, but revenue reports are turning out to be a bigger source of disappointment.
The big question is whether the company's robust stock and revenue growth can continue if the economy slows and as regulatory oversight stiffens.
Apple CEO Tim Cook said that the tech industry very much needs to be regulated but he's "not confident" in U.S. lawmakers to do it right.
Alphabet Inc's Waymo said on Tuesday it had chosen a factory in Detroit to mass produce self-driving cars, looking to the historical heart of the auto industry to build the vehicles of the future. The company's chief executive, John Krafcik, said in a blog post that Waymo would partner with American Axle & Manufacturing to lease and repurpose an existing Detroit facility that will be operational by mid-2019. Waymo said in January it had chosen Michigan for its first production facility, adding it would receive incentives from the public-private partnership agency, the Michigan Economic Development Corporation, and create up to 400 jobs over time exclusively related to self driving.
What if Netflix’s primary long-term business model is not as a media content or distribution company, but as a data aggregation company?
DETROIT (AP) — Google's self-driving car spinoff Waymo says it will reopen an axle plant in Detroit to convert conventional vehicles so they can drive autonomously.
In some ways, Groupon (NASDAQ:GRPN) looks like an attractive stock. Groupon stock is reasonably cheap based on both EBITDA and free cash flow.Source: Shutterstock There's some potential for GRPN to be acquired at some point. If Groupon could just consistently grow, GRPN stock likely would climb above $3.50. * 10 High-Yielding Dividend Stocks That Won't Wilt It's that "if" that's the big problem, however. Since Groupon stock crashed soon after its 2011 IPO amid accounting concerns, the potential has always been there.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIndeed, in 2017, as I wrote last year, GRPN made some progress. In 2018, it hit its original guidance for the year. And yet GRPN stock hit another multi-year low in December, and stumbled again after it reported its Q4 results and provided 2019 guidance back in February.At these levels, Groupon stock looks somewhat intriguing, even to a longtime skeptic like myself. There are scenarios under which GRPN stock can rally. But that path has been open for years now, and GRPN simply can't seem to get there. Why Groupon Stock Looks IntriguingWhat is different about Groupon stock now versus a few years ago is that the stock now looks reasonably cheap. Cost-cutting in 2017 raised GRPN's margins. Its profit rose last year, as its adjusted EBITDA increased 8%, and its adjusted EPS climbed from $0.11 to $0.18, albeit with some help from corporate tax reform.As a result, the valuation of Groupon stock looks fairly reasonable. It trades at about 19 times its 2018 EPS, and its guidance indicates that its profits will be roughly similar this year. Free cash flow last year, excluding a settlement payment to IBM (NYSE:IBM), was $163 million. According to GRPN, that figure should be roughly similar in 2019. At that level, the price-free cash flow ratio of GRPN stock will be about 12.It's true that the company's 2019 guidance was disappointing, and that's a key reason why Groupon stock fell 11% after the company released its Q4 results. But management cited a target of $300 million of EBITDA in 2020, which would entail an increase of 10%+. If GRPN attains that goal, its enterprise value-EBITDA ratio would be below seven.Those multiples are cheap in general, and they're enormously cheap, considering the valuations of other, similar internet-platform stocks. ANGI Homeservices (NASDAQ:ANGI) trades at something like 25 times its 2019 EBITDA. Match Group (NASDAQ:MTCH) is trading at about 30 times its 2019 free cash flow and something like 20 times its EBITDA. GrubHub (NYSE:GRUB) and Yelp (NASDAQ:YELP) trade at elevated levels as well.Groupon stock doesn't deserve those multiples. But at least, renewed investor confidence in GRPN could cause the current multiples of Groupon stock to expand. Higher multiples and higher growth can combine to sharply raise the price of GRPN stock.But that's been the case for years now. Even when the company's profits were lower, bulls asked, "what if GRPN just traded at one times its sales?"Acquisition rumors have swirled constantly over that stretch as well. They continue to do so. GRPN Stock's CatchAnd yet…it's 2019 and GRPN is back trading in the mid-$3s. It hasn't been able to grow, as its revenue has declined for 12 straight quarters. Some of the pressure on Groupon's revenue in past years has came from the company pulling back in certain international markets and de-emphasizing Groupon Goods. But even management after Q4 admitted that the company's performance in the second half of 2018 was disappointing.An acquisition of GRPN could make some sense, but where are the buyers? Why, exactly, would anyone pull the trigger in 2019 or 2020 when the opportunity has been present for some time?The same issue is true of the company's 2020 guidance. Management is arguing that investments made this year will drive growth next year. Yet, except for the progress that the company made in 2017, GRPN feels like it's been a "next year" story for about six years now. What's different now? And how, exactly, are the company's profits supposed to rise by double-digit percentage levels when its billings and revenue are falling?Groupon lost some 2 million active users in North America in 2018 alone, according to its Q4 results. (I believe I'm one of the 2.1 million.) Its products simply aren't relevant enough to consumers. GRPN's ProblemAt the end of the day, the company's problem is relatively simple, and it's the same as it's been for some time. Specifically, it's not clear that Groupon's business model really works. Consumers like discounts,, but the quality of merchants on Groupon simply isn't good enough to keep driving growth.Meanwhile, the company's model isn't really a "tech" model. GRPN still has well over 2,000 salespeople. Business runs through the company's website and, increasingly, its app. But, at its core, GRPN has a labor-intensive model that doesn't grow well. And it's a model that relies on outside help: Groupon's own 10-K cites headwinds from Google's changes to its search algorithm and its development of the "promotions" tab in Gmail, which has hurt the response to Groupon's emails.Groupon stock does seem to have some value, given its profitability and positive free cash flow. That's why GRPN stock is tempting, particularly at its low price.But the qualitative concerns about GRPN have been going on for so long that it's difficult to ignore them. It's in a really, really tough business. And unless Groupon can either drive consistent growth or find a "white knight" acquirer, it's hard to see how the next few years will look much different from the last few.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post Why Groupon Stock Can't Quite Deliver appeared first on InvestorPlace.