GOOG Jan 2022 1880.000 call

OPR - OPR Delayed Price. Currency in USD
47.24
0.00 (0.00%)
At close: 3:54PM EST
Stock chart is not supported by your current browser
Previous Close47.24
Open47.24
Bid66.90
Ask75.00
Strike1,880.00
Expire Date2022-01-21
Day's Range47.24 - 47.24
Contract RangeN/A
Volume30
Open Interest32
  • Here are two charts that show the stock market isn’t anything like that of the dot-com mania
    MarketWatch

    Here are two charts that show the stock market isn’t anything like that of the dot-com mania

    The huge surge in stocks like Tesla, Virgin Galactic and Stamps.com have brought back some trader memories of the heady days of the dot-com boom. But Robert Buckland, a global strategist at Citi, studied stock market distributions to show the market of now is not really that similar to that of the dot-com days.

  • Will the shows go on? Coronavirus, MWC cancellation hang over tech conferences
    MarketWatch

    Will the shows go on? Coronavirus, MWC cancellation hang over tech conferences

    The abandonment of a show as big as Mobile World Congress stings economically for the host city, mobile industry and entrepreneurs from across the globe who attend in hopes of doing deals. And it could just be the beginning.

  • DNA tests may soon reveal the optimal diet for your body — down to the variety of lettuce you should be eating
    MarketWatch

    DNA tests may soon reveal the optimal diet for your body — down to the variety of lettuce you should be eating

    People are pouring their blood, spit and tears into finding the best diet for their bodies. April Summerford, a women’s health coach in Fresno, Calif., has spent thousands of dollars over the past several years taking at-home DNA tests, reading her hormone levels and analyzing the bacteria in her gut to create the perfect diet for her particular body. “I’ve been able to biohack my way to feeling better through what, I think, is the future of wellness,” Summerford, 34, told MarketWatch.

  • Would you tell your innermost secrets to Alexa? How AI therapists could save you time and money on mental health care
    MarketWatch

    Would you tell your innermost secrets to Alexa? How AI therapists could save you time and money on mental health care

    People reveal more personal and intimate details to human-like apps and bots that can ‘sense’ emotions and concerns.

  • Mnuchin Says Congress Key Hurdle to Europe’s Digital Tax Demands
    Bloomberg

    Mnuchin Says Congress Key Hurdle to Europe’s Digital Tax Demands

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world threatened by trade wars. Sign up here. European finance chiefs arrived at a meeting of their global peers in Riyadh demanding the urgent creation of a new global tax system for the 21st century that would capture the profits of tech multinationals. U.S. Treasury Secretary Steven Mnuchin responded: it’s not that simple.New rules for taxing companies like Alphabet Inc.’s Google and Facebook Inc. have stirred intense debate at this weekend’s Group of 20 meeting of finance chiefs. Finding a solution this year is key to maintaining a tariff truce the U.S. and Europe struck after France agreed to delay the collection of a national levy.While finance ministers from France and Germany were among those expressing confidence on Saturday that a compromise could be found in time, Mnuchin warned that he is somewhat hamstrung. “Let me emphasize: in the U.S., depending upon what the solutions are, these may require congressional approval,” he said during a discussion, sitting alongside France’s Bruno Le Maire.The pair have held tense discussions since France introduced a 3% levy last year on the digital revenue of companies that make their sales primarily online. The move was supposed to give impetus to international talks to redefine tax rules, and the government has pledged to abolish its national tax if there is agreement on such rules.The U.S. has argued the French measure discriminates against American companies, and threatened tariffs as high as 100% on $2.4 billion of French goods. Donald Trump’s government agreed to hold fire on import duties and France pushed back collecting the digital tax until the end of 2020.“One of the things we’re balancing is sticking with the fundamental issue of taxing based upon where companies are -- the more we change that to broaden this, the more we run into other issues,” Mnuchin said. He indicated Congress as a hurdle before any major changes on taxes can be agreed upon, but added “there’s a tremendous desire to get this done.”Spain, Italy and Austria also want to impose a digital service tax. Turkey, a G-20 member, introduced a 7.5% levy in December, targeting companies from Google and Facebook to Netflix Inc.“It is our collective responsibility to reach a global agreement on this issue by the end of this year,” the finance ministers of the euro area’s four largest economy said in an editorial published in European newspapers. “We now have a unique opportunity to recast the global tax system to make it fairer and more effective.”Sticking PointThe key sticking point is a U.S. proposal to make the new digital tax rules a safe-harbor regime. Doing that, the U.S. has said, would address concerns of taxpayers about mandatory departure from longstanding rules. France and others have contested that could render the rules effectively optional, which would make agreement impossible.In Riyadh, Mnuchin countered this interpretation.“What a safe harbor is -- and there’s lots of safe harbors that exist -- you pay the safe harbor as opposed to paying something else, and you get tax certainty,” he said. “People may pay a little bit more in a safe harbor knowing they have tax certainty.”Le Maire said he welcomed Mnuchin’s clarification.“We are in the process of technically assessing what it really means and what might be the consequences of such a solution,” he said. “It is fair and useful to give all the attention to this U.S. proposal.”To get agreement, Le Maire also said France would be open to a “phased” or “step-by-step” approach.German Finance Minister Olaf Scholz said there’s more than a 50% chance that a deal is struck before the end of the year.“Everyone has understood that it would be bad to push the debate into the next year or the year after that,” he told reporters. “We need something that helps protect us against the race to the bottom on taxes.”The framework -- developed under the leadership of the Organization for Economic Co-operation and Development -- will also include a deal on a global minimum tax, which the group is close to agreeing on, according to Mnuchin.Most countries want any OECD deal to be accepted as a package: the digital service tax along with a global minimum tax. The OECD has said both reforms together could boost government tax revenues by around $100 billion.To contact the reporters on this story: Saleha Mohsin in Washington at smohsin2@bloomberg.net;William Horobin in Paris at whorobin@bloomberg.netTo contact the editors responsible for this story: Alex Wayne at awayne3@bloomberg.net, Jana Randow, Paul AbelskyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Google Settles With States Over Consultants in Antitrust Probe
    Bloomberg

    Google Settles With States Over Consultants in Antitrust Probe

    (Bloomberg) -- Alphabet Inc.’s Google has reached a settlement with state attorneys general over the states’ use of consultants in their antitrust investigation of the internet search giant.Google in October went to court to restrict the Texas Attorney General’s office from disclosing sensitive information to consultants who have worked for competitors and other companies such as News Corp. and Microsoft Corp that have complained about Google to regulators.Both sides reached a settlement that places some restrictions on how the experts can access confidential business information, Google said on Friday.Google had raised concerns over Texas Attorney General Ken Paxton’s hiring of consultants including Cristina Caffarra, an economist with Charles River Associates. She has worked for Google adversaries News Corp. and Microsoft as well as Russia’s Yandex NV, according to court filings.“We remain concerned with the irregular way this investigation is proceeding, including unusual arrangements with advisers who work for our rivals and vocal critics,” Google said in a statement.Paxton later released a statement saying, “With this agreement, experts retained by the state will not be burdened with the unreasonable prohibitions sought by Google. They will be able to lend their important expertise to the state without fear of being frozen out of other employment within their field.”(Updates with Paxton statement, in final paragraph.)To contact the reporters on this story: David McLaughlin in Washington at dmclaughlin9@bloomberg.net;Ben Brody in Washington, D.C. at btenerellabr@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, John HarneyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Barrons.com

    Welcome to Wuhan, Calif.: San Francisco Tech Events Suffer as Virus Fears Spread

    The technology industry appears to be in freak-out mode over the perceived risk of mixing with peers at large-scale events.

  • Mairs and Power: Top 4th-Quarter Trades
    GuruFocus.com

    Mairs and Power: Top 4th-Quarter Trades

    Update on the firm’s portfolio changes for the final quarter of 2019 Continue reading...

  • Report: 300 Oracle employees 'logged off' in protest of Larry Ellison's Trump fundraiser
    American City Business Journals

    Report: 300 Oracle employees 'logged off' in protest of Larry Ellison's Trump fundraiser

    The protest, called No Ethics/No Work, took place on Thursday afternoon, the day after Ellison hosted Trump at his Coachella Valley estate, where supporters could pay $100,000 to $250,000 to golf and rub elbows with the president.

  • Google leases up entire brand-new Mountain View office project
    American City Business Journals

    Google leases up entire brand-new Mountain View office project

    Google Inc. has leased an entire new 222,000-square-foot office building near its Mountain View headquarters, a spokesperson confirmed.

  • Bloomberg

    DOJ Solicited Outside Law Firm for Help With Tech Antitrust Case

    (Bloomberg) -- The U.S. Justice Department has sought outside legal help to bolster its antitrust investigations of large technology platforms, according to two people familiar with the matter, in a sign that the government may be preparing a lawsuit against one or more of the companies.The department approached at least one law firm about working on the government’s behalf, said the people. That firm -- Kellogg Hansen Todd Figel & Frederick PLLC -- declined to take on the assignment because of a conflict, according to one of the people, who asked not to be named because the investigation is confidential.The agency has opened investigations into Alphabet Inc.’s Google and Facebook Inc., following a July announcement of a broad probe into whether tech platforms are stifling competition. It wasn’t clear which case the department was seeking help for, or whether it will ultimately go through with hiring an outside firm.The move, however, may be a sign the Justice Department is preparing for litigation against the tech companies. Attorney General William Barr said in December that the probe was moving “very quickly” and that he wanted to complete it some time this year.A nationwide coalition of states is also investigating the companies and is working with the Justice Department.The Justice Department declined to comment. Michael Kellogg, one of the founding partners of Kellogg Hansen, where Supreme Court Justice Neil Gorsuch once worked, didn’t respond to a request seeking comment.Earlier: DOJ Plans ‘Expeditious’ Antitrust Probe Into Big Tech PracticesWhile the hiring of outside lawyers is rare, it’s not unheard of. The department in the past has turned to private counsel to take on high-profile litigation, most notably when it hired David Boies to spearhead the landmark antitrust case against Microsoft Corp. two decades ago.In 2012, the Federal Trade Commission similarly hired a top Washington litigator, Beth Wilkinson, then a partner with Paul, Weiss, Rifkind, Wharton & Garrison LLP, to help with its antitrust investigation of Google. The agency ultimately closed that investigation without taking action.An outside firm would enhance the department’s resources if it decided to sue. Litigation against one of the tech giants could be a monumental, years-long undertaking. The Justice Department’s case against Microsoft started in 1998 and ended in 2002, when a court approved a settlement.To contact the reporter on this story: David McLaughlin in Washington at dmclaughlin9@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Paula DwyerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Fake News In 2020 Election Puts Social Media Companies Under Siege
    Investor's Business Daily

    Fake News In 2020 Election Puts Social Media Companies Under Siege

    Social media giants Facebook, YouTube and Twitter are marshaling resources to stop the flow of fake news and "deepfakes" for the 2020 election. Or else.

  • Self-driving car companies complain California test data may mislead
    Reuters

    Self-driving car companies complain California test data may mislead

    Companies such as General Motors Co's Cruise and startup Aurora have said the metric, called disengagements, is not an accurate or relevant way to measure their technical progress, even though it is widely used to do just that. The debate is taking on more importance amid delays in the rollout of self-driving vehicles and concerns over a lack of regulation and the prospects for profitability for the companies that make such vehicles. The focus on disengagements -- when a human driver must take manual control from a self-driving system -- and the backlash from self-driving companies have been growing since the California Department of Motor Vehicles began releasing annual disengagement reports five years ago.

  • Benzinga

    4 Coronavirus Myths Causing Unnecessary Alarm

    A few weeks into the COVID-19 outbreak, the World Health Organization warned not of an epidemic but of a “massive infodemic.” A deluge of media reports flooded consumers with information that blended the true and the false. The WHO said the threat “makes it hard for people to find trustworthy sources and reliable guidance when they need it.” The environment has made the new coronavirus all the more dangerous and prompted WHO to establish an around-the-clock media operation to monitor and correct misinformation. Early into the outbreak, unofficial vlogs by Chinese residents claimed domestic incidence rates beyond 90,000.

  • New Mexico sues Google over allegations it collected data from children
    MarketWatch

    New Mexico sues Google over allegations it collected data from children

    The lawsuit claims Google is using its education services package that is marketed to school districts to spy on children.

  • 7 Tarnished Blue-Chip Stocks to Ditch Now
    InvestorPlace

    7 Tarnished Blue-Chip Stocks to Ditch Now

    When investors buy stocks for the long haul, the holding period is ideally forever. But that is not always possible. Valuations may reach unfavorable levels or fundamentals may worsen. When that happens, investors need to re-evaluate the company's long-term prospects. One of the quickest negative catalysts that will accelerate a blue chip's safe-haven status is if it gets in the news. That is, news reports that tarnished the company's branding just might hurt the future returns.Sometimes headlines try to hurt a company's branding but are really just noise that investors should ignore. Deeper research into the latest headlines concerning the stock is necessary before acting irrationally and selling. But the biggest "tell" that a company is broken enough that it is time to sell is looking at fundamentals. If revenue is slowing and profits are shrinking, an investment portfolio's performance will suffer. When that happens, it is time for investors to ditch that holding.Macroeconomic risks are higher than ever. Devrim Yaman, a finance professor and associate dean at Western Michigan University's Hawthorn College of Business, said in an email to InvestorPlace that "in 2020, we expect markets to be particularly volatile. This is partly due to the uncertainty surrounding the presidential election in November as well as the primaries before that. The U.S.-China trade war and the economic impact of the coronavirus will likely exacerbate the volatility."InvestorPlace - Stock Market News, Stock Advice & Trading TipsFurther, Yaman pointed out the performance disparity between low and high volatility stocks will widen. She said "I expect investors to gravitate towards the high volatility factor in 2020 in order to profit from these fluctuations. This is in contrast to the historical long-term data which shows that overall low volatility stocks earn higher returns than high volatility stocks." * 10 S&P 500 Stocks to Buy Increasing Their Dividends in 2020 The combination of macro risks and tarnished brands suggests that investors might want to drop seven of the following stocks. Blue-Chip Stocks to Sell: Wells Fargo (WFC)Source: Martina Badini / Shutterstock.com Wells Fargo (NYSE:WFC) is in the news after U.S. regulators are fining eight former executives over the account scandal. Four years ago, the bank pressured employees to meet difficult sales targets. This resulted in employees opening millions of fake accounts to meet those targets. In the last six months, the stock climbed from a bottom of $43.34 and topped $54.75. And in hindsight, Wells Fargo stock peaked at the end of 2019 ahead of its quarterly earnings report.The fourth-quarter report had two weak results that suggest investors should ditch the stock. Non-interest income grew by 4% but was offset by a 6% decline in net interest income. The bank blamed low interest rates, which suggests that a further Federal Reserve rate cut will continue pressuring this bank's results.Wells Fargo also posted higher litigation accruals, to the tune of $1.5 billion. Bulls may argue that the balance sheet cleanup with the write-down sets a bottom from here. The new CEO is at the beginning phases of orchestrating a turnaround. At a price-to-earnings ratio below 12 times and a dividend that yields over 4%, value investors may speculate by buying WFC stock here.In a price-to-earnings model, Wells Fargo stock is worth approximately $46 (per finbox.io):Metrics Range Conclusion Selected LTM P/E Multiple 8.x-10x 9x Selected Forward P/E Multiple 11.1x-13.5x 12.3x Fair Value $41-$50.64 $45.82 Table courtesy of finbox.ioFor anyone who has held the stock for a long time, selling shares would help avoid further losses. Cisco Systems (CSCO)Source: Valeriya Zankovych / Shutterstock.com Cisco Systems (NASDAQ:CSCO) reported Q2 results that sent the stock falling from $50 to around $47 last week. Non-GAAP earnings per share of 77 cents beat expectations. Yet revenue fell by 4% year-over-year to $12 billion. Despite the mixed results, management declared a 3% hike in the dividend, giving Cisco stock a yield of around 3%. Why sell Cisco when dividends are increasing?Unfortunately, the 3% dividend hike is small and reflects the weak cash flow. Rumors that it will buy FireEye (NASDAQ:FEYE) are equally troubling. Buying the underperforming business will cost at least $3.7 billion. If the business is slowing -- even though it benefits from secular growth trends from 5G, Wi-Fi 6 and 400G -investors should look elsewhere. The ongoing shift to the cloud is not accelerating Cisco's revenue growth. Conversely, investors could buy Google (NASDAQ:GOOG, NASDAQ:GOOGL) or Microsoft (NASDAQ:MSFT) stock instead. * 7 Failing Tech Stocks to Disconnect From Now Cisco's infrastructure platform and application segments posted falling sales year-over-year. Also, the services revenue growth of 5% is good but slow. At current prices, investors have better options elsewhere. Pfizer (PFE)Source: Manuel Esteban / Shutterstock.com Pfizer (NYSE:PFE) posted yet another quarterly earnings report that missed expectations. So unless the company achieves revenue growth of at least 5% annually over the next five years, shareholders should sell. The stock pays a dividend that yields 4.2%, but anyone who demands upside appreciation has many other drug stocks to consider instead.Sales of Ibrance, which treats metastatic breast cancer, rose 23% and is potentially a $5-billion-a-year product. But this year is a make-or-break year for the drug. CEO Albert Bourla said that "We continue to expect our two event-driven Ibrance early breast cancer programs, Penelope B, and powers to read out in late 2020 and early 2021 respectively. If successful, and following regulatory approval, these programs could double the number of patients eligible to benefit from Ibrance."Any negative data read for Ibrance may send Pfizer stock lower in 2020.Pfizer's sale of its Upjohn unit will bring in $12 billion in cash proceeds, which strengthens its balance sheet. Looking at the full year 2020, the company forecasts revenue of $48.5 billion to $50.5 billion. This weak outlook is due to the loss of exclusivity for Lyrica -- a pain medication -- in the U.S. CFO Frank D'Amelio said "the midpoints of these ranges imply … higher adjusted R&D expenses and higher adjusted other income, which reflects earnings from the consumer healthcare joint venture." Walgreens (WBA)Source: saaton / Shutterstock.com The market fooled investors into buying Walgreens (NASDAQ:WBA) stock in November 2019. A leveraged buyout by KKR (NYSE:KKR) would value the company at $85 billion. The deal is unlikely because it would require taking on too much debt. And so, Walgreens stock fell from $62, instead of heading toward the $71 take-out price.Walgreens acquired 1,932 stores from Rite Aid (NYSE:RAD), solidifying its play as a retail pharmacy. But CVS Health (NYSE:CVS) proved that vertical integration with a healthcare plan provider is a better approach. Walgreens posted revenue of $34.3 billion, up 1.6% over last year. In effect, the proposed buyout was the only positive catalyst lifting the stock.CVS Health posted a different story. The company reported revenue growing 22.9% to $66.9 billion. Adjusted operating income rose 1.3% to $3.8 billion. It looks like holding CVS stock and selling Walgreens stock would make the most sense for 2020. Besides, Walgreens is busy with a transformational cost management program instead of growing revenue. This will bring more than $1.8 billion in annual cost savings by 2022. It also led to a free cash flow generation of $674 million in the first quarter. While this program is on track, CVS offer investors better revenue growth now. * 7 'Strong Buy' Stocks With Over 50% Upside Potential Walgreens is still struggling with "noise in the second quarter." This suggests that the 13% headwind in earnings per share from the program will hurt WBA stock for now. 3M Company (MMM)Source: JPstock / Shutterstock.com 3M Company (NYSE:MMM) is trading at levels not seen since 2017. Even after the stock fell from a yearly high of $219 to the $160 level, the stock still trades at a premium valuation. Its price/earnings-to-growth (PEG) ratio is around 4.5 times.Investors could buy Honeywell (NYSE:HON) and pay a PEG of 2.8 times. So, it does not make much sense to continue holding 3M stock. In the fourth quarter, 3M took a restructuring charge that shaved 20 cents from its EPS. Management said that the $134 million charge "includes streamlining our organization by reducing approximately 1,500 positions spanning all business groups, functions and geographies."Cutting staff and reorganizing the units is the same as shuffling the deck. The lower headcount will save on costs but fails to grow the company. In fact, U.S. organic growth fell 3% in Q4. Transportation, electronics, safety and industrial businesses all performed poorly. Revenue from the electronics unit dragged Asia-Pacific revenue, which also fell 3%. Business dropped by 7% in Japan.Cautious investors may model revenue growing at no more than 2% annually in a 10-year discounted cash flow (DCF) model: revenue exit. Under the following assumptions, MMM stock is worth under $140 a share.Metrics Range Conclusion Discount Rate 8%-9% 8.5% Terminal Revenue Multiple 2.8x-3.8x 3.3x Fair Value $117.66-$161.85 $138.89 Upside -26.9%-0.5% -13.7% Table courtesy of finbox.io Dell Technologies (DELL)Source: Jonathan Weiss / Shutterstock.com Once a publicly traded company, then privately traded, and public again, Dell Technologies (NYSE:DELL) is an inexpensive stock. It trades at a trailing P/E of 10.4 times and a forward P/E below 8. This just shows that investors should avoid the stock for a reason. The company bought EMC but did not have any synergies with it. It struggled to grow EqualLogic, a storage company. Conversely, shares of Seagate (NASDAQ:STX) and Western Digital (NASDAQ:WDC) are sharply higher over the last few years.Insider selling of DELL stock is another bearish signal. On the flip side, investors seeking an undervalued stock may look at HP (NYSE:HPQ) instead. If Xerox (NYSE:XRX) succeeds in buying it, HPQ stock will reward its investors.Dell's outlook is hardly encouraging, either. The company forecast fiscal 2020 sales of $91.8 billion to $92.5 billion. This is below the $93.5 billion consensus estimate. And in Q3, the net revenue grew by just 2% to $22.8 billion. So, as it spends its fiscal 2020 paying down the debt of around $5 billion, it still has $44.7 billion left.Dell stock has a good value score:DELL Industry S&P 500 Value Score 86 57 74 Price-to-Earnings 10 17.8 25.5 Price-to-Sales 0.4 0.7 2.4 Data courtesy of Stock Rover.comThe quality score suggests otherwise. Notice the low operating margin:DELL Industry S&P 500 Quality Score 48 52 80 Gross Margin 30.8% 27.8% 29% Operating Margin 2.4% 4.4% 13.4% Net Margin 4.2% 4.1% 9.6% Data courtesy of Stock Rover.com Arista Networks (ANET)Source: Sundry Photography / Shutterstock.com Arista Networks (NYSE:ANET) posted Q4 revenue falling 7.3% over last year to $552.5 million. Earnings per share came in at $3.25. At a forward P/E close to 22 times, investors may not want to hold this market-valued stock when the IT sector is slowing down. So with both Cisco and Arista reporting a slowdown in the business, the risk of further downside is high.Arista posted revenue of $552.5 million and $2.4 billion for the year. Its 5-year total addressable market is $30 billion by 2024. Unfortunately, markets price stocks for the near term. If businesses are not increasing their orders for the company's campus Ethernet switch, the stock may correct further. The data center Ethernet switch business is supposed to offset the slowdown in switches. But data center revenue growth will not pick up until 2022.The company cut operating expenses and spent less on research and development. Headcount increased in sales and marketing, offset by a drop in other sales costs. By right-sizing the business, Arista may weather the storm. It might grow its cash from operations, too. In Q4, it generated $327 million of cash from operations. This allowed it to authorize a three-year $1 billion share buyback.Most analysts rate the stock a "hold," according to TipRanks. With little upside and a fair value between $197-$232, consider selling the stock.Chris Lau is a contributing author for InvestorPlace.com and numerous other financial sites. Chris has over 20 years of investing experience in the stock market and runs the Do-It-Yourself Value Investing Marketplace on Seeking Alpha. He shares his stock picks so readers get original insight that helps improve investment returns. As of this writing, Chris Lau did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 S&P 500 Stocks to Buy Increasing Their Dividends in 2020 * 5 Tech Stocks Vying to Win the AR/VR Race * 7 U.S. Stocks to Buy on Coronavirus Weakness The post 7 Tarnished Blue-Chip Stocks to Ditch Now appeared first on InvestorPlace.

  • Benzinga

    Ark Invest Says Autonomous Ride-Hailing Now Looks Even More Profitable Than Previously Estimated

    As investors approach the one-year IPO anniversaries of ridehailing stocks Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT), there’s no question the investments have been disappointments up to this point. Both stocks are trading below their IPO prices as losses continue to mount and the companies are still a long way from proving viable business models, but Ark Invest analyst Tasha Keeney said this week that ridehailing may ultimately end up much more profitable than Ark had previously modeled. Keeney said the key to a profitable ridehailing business will be autonomy.

  • Trump’s Big Ad Buy Shows That YouTube Still Matters
    Bloomberg

    Trump’s Big Ad Buy Shows That YouTube Still Matters

    (Bloomberg Opinion) -- When it comes to advertising revenue, Alphabet Inc.’s Google continues to dominate Facebook Inc. as the place to spend digital marketing money — except for political campaigns, where Donald Trump’s triumph showed the power of social media. Google still has a dog in the election fight, however. According to a report from Bloomberg News, Trump bought the coveted space atop YouTube’s homepage for the days leading up to his November showdown for a second presidential term, ensuring that he’ll be featured prominently. This isn’t new; Barack Obama did something similar ahead of his election-day battle with Mitt Romney in 2012.Alphabet brought in $135 billion of total ad revenue last year through its Google platforms, almost double Facebook’s $70 billion. That ratio flips when it comes to political advertising. Data from the Center for Responsive Politics show that Facebook took in $67 million in total ad spending by U.S. presidential candidates, double the $32 million that went to Google as of Nov. 14. Figures published just this month and collated by eMarketer —  which also track advertising related to federal, state and local politics, including elections and lobbying — put the digital divide in that broader metric at a 3-to-1 ratio in favor of Facebook. Facebook’s powerful role in politics was highlighted by the Cambridge Analytica scandal, in which the consulting firm harvested data from the social media platform and used it for targeted campaign ads, helping Trump win election in 2016. YouTube.com is the world’s second-most popular website behind Google.com, according to rankings from Alex Internet Inc.(1)  Yet it accounted for only 9.4% of Alphabet’s revenue last year, with most of the company’s money coming from search-engine advertising. Expect the video platform’s contribution to rise in 2020, however, as candidates take to online video to target voters directly while still holding their attention long enough to watch a video in ways that Facebook cannot. Leading the spending is Michael Bloomberg, who is using his own money to seek the Democratic presidential nomination rather than procuring donations. (Disclaimer: Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.) Bloomberg spent $48 million on Facebook between Jan. 1, 2019, and Feb. 19 this year, almost double the $25 million for Trump during the same period, according to data from the social media company. What’s interesting, though, is that Alphabet isn’t so far behind in drawing presidential campaign dollars. Bloomberg spent $42 million on Google, YouTube and partner properties between May 30, 2018, and Feb. 18, 2020, ahead of Trump, whose campaign teams have spent around $18.1 million, according to data published by Alphabet.(2) This election campaign is shaping up to be the most expensive ever. Presidential candidates have already put together more than $1.18 billion — led by Trump and Bloomberg — with the primary season only just beginning, according to the Center for Responsive Politics. By comparison, war chests for the 2016 campaign totaled $1.5 billion, with Hillary Clinton and Trump between them accounting for 60%, data from CRP show.While Facebook’s strength, and a key cause of criticism, is the ability for advertisers to dive deep into audience preferences and political leanings, Google’s platform isn’t entirely useless in terms of targeting. For example, the campaign of former South Bend Mayor Pete Buttigieg, who is competing for the Democratic nomination, took out ads focused on audiences in 10 specific Nevada zip codes ahead of the state’s primary Saturday, according to Google data for the week of Feb. 15.Senator Bernie Sanders, who ranks second in Democrat spending across the two platforms, deployed ads aimed at specific Iowa zip codes ahead of his neck-and-neck finish with Buttigieg in the Feb. 3 caucus. Senator Elizabeth Warren, who is fourth in terms of outlays, and Bloomberg have also targeted ZIP codes. The steady flow of advertising videos uploaded to YouTube by candidates shows that they see value in spending money on Google’s video platform. So while Facebook may have earned top spot for campaign dollars, Trump’s big election day purchase shows that YouTube is still in the race.(1) Alex Internet has been a division of Amazon.com Inc. since 1999(2) I count this spending across two organizations: Trump Make America Great Again Committee ($12.69m) and Donald J. Trump for President Inc. ($5.45m). A third, Conservative Buzz LLC, spent $4.76m mostly to promote TrumpTo contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Encryption on Facebook, Google, others threatened by planned new bill
    Reuters

    Encryption on Facebook, Google, others threatened by planned new bill

    U.S. legislation will be introduced in the coming weeks that could hurt technology companies' ability to offer end-to-end encryption, two sources with knowledge of the matter said, and it aims to curb the distribution of child sexual abuse material on such platforms. The bill, proposed by the Chairman of the Senate Judiciary Committee Lindsey Graham and Democratic Senator Richard Blumenthal, aims to fight such material on platforms like Facebook and Alphabet's Google's by making them liable for state prosecution and civil lawsuits.

  • TheStreet.com

    Google Holding Back Documents Amid Anti-Competitive Probe

    Google is holding back emails, text messages and other documents from states attorneys general amid an anti-competitive probe, according to a report.

  • Global telcos join Alphabet, SoftBank's flying cellphone antenna lobbying effort
    Reuters

    Global telcos join Alphabet, SoftBank's flying cellphone antenna lobbying effort

    Alphabet and SoftBank's attempts to launch flying cellphone antennas high into the atmosphere have received backing from global telcos, energizing lobbying efforts aimed at driving regulatory approval for the emerging technology. Loon, which was spun out of Google parent Alphabet Inc's business incubator, and HAPSMobile, a unit of SoftBank Group Corp's domestic telco, plan to deliver high speed internet to remote areas by flying network equipment at high altitudes. Lobbying efforts by the two firms, which formed an alliance last year, are being joined by companies including aerospace firm Airbus , network vendors Nokia and Ericsson and telcos China Telecom , Deutsche Telekom , Telefonica and Bharti Airtel .

  • IBM Stock Is an Underappreciated Tech Play
    InvestorPlace

    IBM Stock Is an Underappreciated Tech Play

    For many years, technology icon IBM (NYSE:IBM) has offered investors a perplexing look. Although "Big Blue" has all the right components to theoretically make a charge at the coming wave of innovations, IBM stock has floundered. Essentially, the whole is less than the sum of its parts. Yet I believe this dead money investment is finally turning around.Source: JHVEPhoto / Shutterstock.com I'm not alone in my bullish assessment of IBM stock. Recently, the tech giant announced that Ginni Rometty is stepping down from her CEO role. A controversial figure on the Street, Rometty hasn't exactly appeased investors. When she took over the reins in January 2012, Big Blue's shares were streaking toward $200; indeed, IBM hit this threshold multiple times early on in her tenure at the top.However, Rometty couldn't generate much excitement and credibility toward the company's shift toward relevant markets like cloud computing. Instead, IBM steadily faded into the background. At one point, the organization recorded 22 straight quarters of declining revenue.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThus, it's no surprise that IBM stock popped on the announcement of her departure. Since the spring season of 2013, shares have been mired in an ugly bearish trend channel.At the same time, I don't think it's fair to dump all of IBM's problems on Rometty. When she assumed control, the company had basically maxed out the capacity of its legacy businesses. Competitors like Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT) were busy making inroads to the cloud as opposed to on-premise software platforms.To catch up, Rometty pushed for pertinent acquisitions, most notably the $34 billion Red Hat deal. Unfortunately for her, investors' patience simply ran out before the implied narrative could come to fruition. Synergies Are What Makes IBM Stock CompellingStill, that doesn't mean that the IBM stock of today will follow the same path of years ago. With most of the weak hands flushed out of the name, this perennial dinosaur can finally gain traction.Earlier, I mentioned that the many acquisitions that the company made failed to spark meaningful growth. Worse, with revenue declines and a pessimistic outlook, Rometty was on borrowed time. Nevertheless, she did what she had to do. Irrespective of the results, today, IBM is in a much better position to leverage tomorrow's lucrative markets.First, relatively few folks are giving Big Blue the credit it deserves regarding its long-term cloud strategy. In an email to InvestorPlace.com, IBM corporation communications representative Tim Davidson noted that "for several years, industry analysts (Gartner, Synergy, Canalys) have been including Google as a Top 3 cloud provider alongside AWS and Microsoft, without having any sense of Google's actual cloud revenue (since it was never reported)."But in Alphabet's latest fourth-quarter report, it revealed full-year 2019 cloud revenue. It turned out that "IBM's cloud revenue for 2019 was more than 2X Google's cloud revenue." Therefore, just on a mano-y-mano comparison, the company is making serious progress, yet this is not fully reflected in the IBM stock price.More importantly, IBM has an advantage where others are lacking: synergy. In addition to the cloud expertise inherent in the Red Hat deal, IBM has extensive acumen in artificial intelligence and cybersecurity. Therefore, the organization is able to offer comprehensive solutions to high-margin enterprise-level customers.And that was really the point of Big Blue's acquisitive strategy. In order to compete in tomorrow's technology marketplace, they had to endure several growing seasons. It just happened that the clock ran out on Rometty. Setting Up a Contrarian OpportunityOn paper, the bullish thesis runs counter to the fundamentals. Initially, IBM stock appears a great value play thanks to its 14x multiple. However, with consensus earnings per share estimated to grow only 4.4% in 2020, and with sales projected to grow only 2.3% over the same period, IBM seems destined for mediocrity.But this is where you got to think like a contrarian. Much of the bearishness has already been reflected in IBM stock: nearly the entire tenure of Rometty was a giant downtrend. However, she managed to bring all the necessary tools together. As I mentioned above, those tools have generated significant traction. Now, we just need management to do their part.The shakeup at the top offers hope. Rometty's replacement is Arvind Krishna, who previously served as the senior vice president for cloud and cognitive software. Further, Krishna was instrumental in another area of IBM's acquisition rollout -- the blockchain.As you know, blockchain technology has very powerful applications toward transactional integrity and security, among many other uses. It's an area that enterprise-level customers will benefit form and at lower costs due to the blockchain platform's scalability.Therefore, this is not the time to cast doubt on IBM stock. Rather, shares are just getting interesting.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Failing Tech Stocks to Disconnect From Now * 5 Ideal Dividend Stocks for New Investors * 4 Stocks to Buy No Matter Who Wins the 2020 Election The post IBM Stock Is an Underappreciated Tech Play appeared first on InvestorPlace.