|Bid||1,076.76 x 800|
|Ask||1,077.05 x 1300|
|Day's Range||1,076.01 - 1,082.50|
|52 Week Range||894.79 - 1,186.89|
|PE Ratio (TTM)||59.89|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
French startup Snips has been working on voice assistant technology that
YouTube Music has a wonderful user interface and solid recommendations based on your location. It also has popular YouTube videos, lets you store music offline and more. Google gave me an early look at YouTube Music , a new service that costs $9.99 per month and launches soon.
Fidelity Investments is taking a hit from an investment in Entercom Communications Corp. ( ETM), the radio station company. According to a report by The Philadelphia Inquirer, Fidelity has a 10.9% stake in Entercom, which is trading near a five-year low thanks to a bad showing in its first quarter. The Boston-based fund company owns 15 million shares, which is more than the 9.4 million held by Entercom's founding Field family, reported The Inquirer, citing Securities and Exchange Commission filings.
In the first quarter of 2017, Amazon owned almost 80% of the smart speaker market, while Google sipped up just 19.3%. "Google took the top spot, beating Amazon for the first time, shipping 3.2 million of its Google Home and Home Mini devices, against the 2.5 million Echo devices shipped by Amazon," says Canalys in a new report. Dipping market share is not unusual when a market matures.
In the three-month period ended March, Mountain View, California-based Google shipped 3.2 million Home and Home Mini devices, exceeding the 2.5 million Echos that the Seattle-based retail and cloud behemoth sent out over the same period. As demand for smart speakers booms, the market has become increasingly crowded by cash-laden tech giants such as Amazon, Alphabet and Apple Inc. ( AAPL), who have doubled down on buying up a growing number of smaller smart home gadget makers.
Just one day after ride-hailing outfit Uber posted a GAAP profit (and dramatically curbed its non-GAAP loss), investors learned the automated braking system installed on a self-driving vehicle that struck and killed a pedestrian in March had been intentionally disabled by Uber. The news put a damper on the approximately $500 million secondary private offering in the works that will allow early investors and insiders to partially cash out of their stake in Uber. Technically speaking, privately-held Uber posted a $2.5 billion profit last quarter, according to financial reports served up to a limited number of followers.
Spotify’s (SPOT) first-quarter report as a public company was underwhelming, and its guidance for the current quarter disappointed. Spotify could have a much harder time meeting its goals for the current quarter, given Google’s (GOOGL) recent move of a revamped streaming music service. Google is launching YouTube Music to take on Spotify, Apple, Amazon (AMZN), and Pandora (P) in the multibillion-dollar online music service market.
The stock market has tossed and turned this week in reaction to changes in the negotiations with North Korea and the looming threat of trade wars, but overall, it continues to act positive. This is consistent with the fact that the advance/decline lines, which had been in the corrective mode since March, finally completed their corrective patterns two weeks ago. NEW YORK, NY - MAY 21: Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), May 21, 2018 in New York City. Much of the concern was focused on Facebook (FB), after the news about Cambridge Analytica was revealed in the middle of March. As investors tried to evaluate the implications for the stock price of FB, many investors sold the other FANG members, as well as a number of the other big-cap tech stocks.
Twitter (TWTR) users could sooner or later be able to exchange encrypted direct messages on the platform, according to media reports citing clues in Twitter’s Android application code. Android, a Google (GOOGL) product, is the world’s most popular mobile operating system. In April, 75.7% of smartphones worldwide were running Android compared to 19.2% running Apple’s iOS and less than 1.0% running Microsoft’s (MSFT) Windows.
Amazon keeps elbowing its way into new industries. Its latest push into the world of finance is raising eyebrows particularly with the Fed. Yahoo Finance's Seana Smith and Dan Roberts discuss with Yahoo Finance Tech Critic, David Pogue.