|Bid||92.69 x 500|
|Ask||93.41 x 200|
|Day's Range||93.00 - 93.77|
|52 Week Range||64.12 - 97.24|
|PE Ratio (TTM)||75.72|
|Forward Dividend & Yield||1.68 (1.81%)|
|1y Target Est||N/A|
During a selloff that has dragged down the broader market this week, Amazon.com Inc.'s market value passed that of Alphabet Inc. Amazon closed as the second biggest U.S. company on Tuesday, topping Alphabet for the first time ever, according to The Wall Street Journal's Market Data Group. Amazon closed up 2.7% at $1,586.51, giving it a market value of $768 billion, while Alphabet shed 0.4% to $1,095.80, lowering its market cap to $763 billion. Apple Inc. has the largest market cap, at $889 billion. Alphabet is up 4% in 2018, while Amazon has risen 36%.
Nearly 10 years after Bill Gates retired from his day-to-day role at Microsoft, here's what he can teach you.
Oracle shares tumbled Tuesday, following a quarterly earnings report that revealed its transition to the cloud is progressing slower than expected.
Shares of Oracle Corp. tumbled Tuesday after disappointing quarterly results, particularly in its cloud-software business, prompting some Wall Street analysts to abandon their bullish views.
SAN FRANCISCO/ FRANKFURT (Reuters) - Facebook faces substantial business risks from new European Union privacy rules set to take effect in May, a looming reality that came into stark relief over the weekend with revelations that a controversial political consulting firm had improperly obtained personal data on 50 million Facebook users. Privacy experts said the disclosure that a researcher had sold Facebook data collected via a personality quiz to the consulting firm Cambridge Analytica is a prime example of the kinds of practices that the new General Data Protection Regulation, or GDPR, is supposed to prevent or punish. The danger faced by Facebook going forward is two-fold: Complying with the rules means letting European users opt out of the highly targeted online ads that have made Facebook a money machine.
Solidium, the Finnish state-run investment fund that built a 3.3% stake in Nokia (NOK) at the start of 2018, has minority holdings in over a dozen major Finnish companies. Including Nokia, Solidium owns minority stakes in 13 listed Finnish companies, and the combined value of those investments is estimated to be over $11 billion. Nokia is a bit of an outlier in Solidium’s holding pattern.
Is the market hungry enough to justify the expected $7 billion valuation? Or, is this IPO how insiders sell stock and raise capital after the “smart money” (i.e. private equity, hedge funds, etc.) has dried up?