|Day's Range||22.83 - 31.65|
Facebook investors should really be paying attention to what regulators are saying about the company right now.
Google and its flagship search portal opened the door to the possibilities ofhow to build a business empire on the back of organising and navigating theworld's information, as found on the internet
Tomorrow is World Emoji Day. Why is there a World Emoji Day? To recognize the day, Apple and Google have both shed some light on their plans regarding new emoji coming to their operating systems in the coming months.
The EU's Amazon probe is part of a global regulatory and political push v. Big Tech, also including Facebook, Google, Apple. Investors should take threats to their business models seriously.
FaceApp has gone viral again with a feature that makes users look elderly, but experts say it may pose security concerns.
Which is real? And which is really real, I mean, earnings-per-share real? When Big Tech goes to Washington, you have to worry about what's headline risk and what's EPS risk -- and the gulf between the two is huge.
Facebook and Alphabet stock are good buying opportunities headed into their earnings reports, according to KeyBanc’s Andy Hargreaves. “We believe ad spending across the major internet platforms remained solid in 2Q and expect positive results in the space,” he wrote.
EBAY has displayed a sharp rally so far in 2019, surging 42.5% since January 1st, far outperforming the e-commerce sector. Analysts have been increasing long term earnings estimates, propelling EBAY into a Zacks Rank 1 (Strong Buy).
One of the most prominent Silicon Valley VC firms, known for being among the backers of Google, Slack and Spotify, is reconfirming its interest in a local early-stage startup by pouring more capital in a newly announced round of funding.
Yesterday, Facebook’s (FB) David Marcus, head of Facebook’s Calibra wallet, visited Capitol Hill to testify in front of the Senate Banking Committee.
(Bloomberg Opinion) -- A question for Amazon.com Inc.: Why ever bother?The European Commission opened an investigation on Wednesday into whether the e-commerce titan uses data from sellers on its marketplace to make competing products of its own. If the suspicion is confirmed, it might expose Amazon to billions of dollars of fines. Another tech behemoth, Google parent Alphabet Inc., has run afoul of European antitrust authorities and paid $9 billion in various penalties over the past few years.Given the relative profitability of Amazon’s businesses, what the EU is contending would seem to be a foolish risk. Broadly speaking, Amazon’s website sells products in two ways: Through its own store and through its marketplace. The store buys goods from a supplier and then sells them to a customer, much in the style of any classic retailer. The marketplace, however, simply connects a customer with a seller. That seller might pay Amazon to store or deliver its goods, but it’s essentially a platform. That also means it’s a far higher margin business because Amazon incurs few costs. It doesn’t have to pay to make the product or for its distribution unless the seller contracts it to do so.The EU is accusing Amazon of using that marketplace to identify popular products and then create copycat versions with its own branding, displacing the original. If true, it may have made itself vulnerable to billions of dollars in fines. It says that its own brand products account for about 1% of its retail offerings. That translates to about $1.4 billion of revenue. Given the low-margin nature of so many of the products (batteries, crockery, paper clips), profit is significantly less than that. The regulatory risks surely outweigh the financial benefits.That’s even taking into account the side effect of reducing prices for competing products. After being undercut by an Amazon private label offering, a seller might slash its prices to win customers. Lower prices mean more products sold on the marketplace, which is also good news for Amazon, though if the EU’s assertion is right and the intention was to mimic products that already sell well, it’s hard to see why lower prices might have been necessary.Amazon said it “will cooperate fully with the European Commission and continue working hard to support businesses of all sizes and help them grow.”Given the headaches and potential cost of the EU investigation, the company would do well to take that statement to heart and simply focus on being a marketplace.To contact the author of this story: Alex Webb at firstname.lastname@example.orgTo contact the editor responsible for this story: Daniel Niemi at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Over the last few quarters, big tech companies have been under the scanner. There are issues ranging from monopoly to handling customer data.
A wave of quarterly reports from Netflix and other top-tier, high-growth companies starting on Wednesday will test Wall Street's willingness to extend a recent rally driven by expectations of lower interest rates. Facebook, Amazon and Google-owner Alphabet , all part of the so-called FANG group of widely held stocks, have jumped over 5% so far in July, with investors increasingly willing to bet on the volatile names thanks to expectations the Federal Reserve will cut rates later this month by as much as half a percentage point to support economic growth. The FANG companies, combined with investor favorites Apple and Microsoft, account for about 17% of the S&P 500's $26 trillion market capitalization, making reaction to their quarterly results key to Wall Street sentiment.
The Palo Alto company that promises to dramatically reduce the amount of manual labor involved in Big Data raised $19 million and came out of stealth on Wednesday.
On a new crusade against Google, tech investor Peter Thiel found a sympathetic audience this week with President Donald Trump, who vowed to investigate the tech investor's unsubstantiated claims that Google may have committed “treason” by working with Chinese authorities.
The market is in the midst of second-quarter earnings season. This week, the bulk of reports are coming courtesy of blue-chip companies, but traders waiting on more exciting growth fare will not have to ...
Google was one of the first companies to popularize free food for its employees, and now serves tens of thousands of gourmet meals across the globe every day. But that perk apparently didn’t make it to a new office in San Jose that’s staffed by contractors.
I last wrote about Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) May 1 just after the company reported an earnings miss. Down more than 8% on the news, I recommended investors buy Google stock despite the miss. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsHeading into next week's second-quarter earnings call, I thought I'd revisit some of the seven reasons I gave for buying GOOGL stock. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Analysts aren't expecting much from Alphabet, but that doesn't mean you shouldn't consider buying Alphabet stock at current prices. Here's why. Analysts Still Like Google StockAlthough analysts grew less confident about Alphabet after its first-quarter results -- eight cut the Google target price on the news -- 34 still have a buy rating, with three giving it an overweight rating and only six a hold. None have a sell rating on Google stock.The target price? $1,335.22 is the average with a high of $1,500 and a low of $1,150. At the average target price, investors are looking at 16% upside over the next 12 months. I don't know about you, but I'd take a 16% annual return every day of the week and twice on Sundays.Analysts might have lowered their target prices, but when 86% of investors have a buy or overweight rating on its stock, there must be something good about the company. Google Cloud Continues to GrowAs I wrote back in May, Google's cloud operation is playing catch-up with both Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) when it comes to the cloud. Can it catch the two market leaders? Probably not, but it's trying hard to keep up. On July 11, Alphabet announced that it hired Kirsten Kliphouse as Google Cloud's head of North American sales, a newly created position, to enable it to go after small, medium, and enterprise customers.Google Cloud CEO Thomas Kurian has been busy filling out the division's sales team so that it can better compete against Amazon and Microsoft. In addition to hiring Kliphouse, Kurian also announced that he brought over Eduardo Lopez as head of Latin American sales, also a newly created position. Lopez and Kurian worked together for 20 years at Oracle (NASDAQ:ORCL) before Kurian left in 2018 to head up Google Cloud. In addition to making plenty of hires, Alphabet is also making a few acquisitions. In the past three months it has bought Looker, a data analytics firm, for $2.6 billion. Google also made a smaller acquisition of cloud storage company Elastifile and moved cybersecurity firm Chronicle into Google Cloud from outside Alphabet. "Kirsten and Eduardo are inspirational business leaders who will ensure we continue to build strong relationships with users, including HSBC, UPS, Whirlpool and many others, " Rob Enslin, president of global customer operations for Google Cloud, told CNBC in an email. "Their expertise in running multi-billion dollar sales organizations and managing large teams will be invaluable as we focus on accelerating our growth."Although Google's search business generates the lion's share of the company's revenues, these latest moves should help it grow other parts of its business, especially the cloud. GOOG Stock's Massive Free Cash FlowIn the trailing 12 months, Alphabet generated $25.5 billion in free cash flow. Given its current enterprise value is $690.1 billion, Alphabet stock currently has a free cash flow yield of 3.7%, which suggests that it's fairly valued at the moment. However, any time a business can generate 15 cents of free cash flow from every dollar of sales as Google does, it's not nearly as worrisome when sales growth slows to 17%, as is expected by analysts in the second quarter. Since 2016, Alphabet's free cash flow has been above $20 billion, which allows it to make more significant investments in all of its various businesses. Capital allocation continues to be a big reason why Google stock will continue to move higher. With Ruth Porat as CFO, you can be sure that the money will continue to be spent wisely. Financially, Alphabet has never been stronger. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Business is Still Good at Alphabet: Google Stockas a Buy appeared first on InvestorPlace.
Tech’s day of reckoning Tuesday on Capitol Hill started with skepticism about Facebook Inc.’s proposed digital currency, and ended with a spirited debate over charges of anti-conservative bias on Alphabet Inc.’s Google search. In between, the industry’s big four took some body blows from both political parties.