GOOG - Alphabet Inc.
1,130.10 0.00 (0.00%)
After hours: 4:45PM EDT
| Previous Close | 1,146.33 |
| Open | 1,148.19 |
| Bid | 1,130.68 x 900 |
| Ask | 1,131.16 x 800 |
| Day's Range | 1,129.62 - 1,151.14 |
| 52 Week Range | 970.11 - 1,289.27 |
| Volume | 1,234,530 |
| Avg. Volume | 1,556,670 |
| Market Cap | 784.875B |
| Beta (3Y Monthly) | 0.99 |
| PE Ratio (TTM) | 28.35 |
| EPS (TTM) | 39.86 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 1,275.00 |
- Yahoo Finance•2 hours ago
Huawei exec: ‘Google is still trying to supply to Huawei’
U.S. tech giants are working hard to continue to sell to Huawei after the company was put on the Entity List.
- TechCrunch•10 hours ago
Tiny UK startup takes on Google's Wing in the race to a drone traffic control system
But before all this can happen, we need tomake sure the thousands of drones in the sky are operating safely
- Investopedia•1 hour ago
How Reddit Makes Money
Reddit is the self-proclaimed “Front Page of the Internet." The site makes significant income by selling ad space, exclusive memberships, and products.
- Motley Fool•2 hours ago
Jeff Bezos Says We're Destroying Earth, but Amazon Is the Slowest Tech Giant to Go Green
Actions speak louder than words.
- MarketWatch•2 hours ago
OK Google, tell us why your earnings growth is slowing down ... hello? Anyone there?
As the parent company of Google nears its fiscal second quarter results on July 25, the chorus of disapproval over its evasive reporting policy has risen on Wall Street.
- Bloomberg•2 hours ago
Tinder Bypasses Google Play Joining Revolt Against App Store Fee
(Bloomberg) -- Tinder joined a growing backlash against app store taxes by bypassing Google Play in a move that could shake up the billion-dollar industry dominated by Google and Apple Inc.The online dating site launched a new default payment process that skips Google Play and forces users to enter their credit card details straight into Tinder’s app, according to new research by Macquarie analyst Ben Schachter. Once a user has entered their payment information, the app not only remembers it, but also removes the choice to swap back to Google Play for future purchases, he wrote.“This is a huge difference," Schachter said in an interview. “It’s an incredibly high-margin business for Google bringing in billions of dollars," he said.The shares of Tinder’s parent company, Match Group Inc., spiked 5% when Schachter’s note was published on Thursday. Shares of Google parent Alphabet Inc. were little changed.Apple and Google launched their app stores in 2008, and they soon grew into powerful marketplaces that matched the creations of millions of independent developers with billions of smartphone users. In exchange, the companies take as much as 30% of revenue. The app economy is expected to grow to $157 billion in 2022, according to App Annie projections.As the market expands, a growing revolt has been gaining steam over the past year. Spotify Technology SA filed an antitrust complaint with the European Commission earlier this year, claiming the cut Apple takes amounts to a tax on competitors. Netflix Inc. has recently stopped letting Apple users subscribe via the App Store and Epic Games Inc. said last year it wouldn’t distribute Fortnite, one of the world’s most popular video games, through Google Play.Match declined to answer questions about whether the company was also investigating bypassing Apple’s App Store. Match is expected to discuss the payment flow change with analysts and investors during its next earnings call on Aug. 6.“At Match Group, we constantly test new updates and features to offer convenience, control and choice to our users," Justine Sacco, a spokeswoman for Match, wrote in an email. “We will always try to provide options that benefit their experience and offering payment options is one example of this."Google didn’t immediately respond to requests for comment.Of the high-profile companies that have shunned the App store, Match is the only one that has changed the payment method in-app, Schachter noted. Others have instead forced subscribers back to their own websites to enter payment information.Tinder’s move could spark a domino effect.“Tinder is relatively small and it won’t have a massive impact, but the concern is if this grows and gets into gaming apps as it starts moving forward," Schachter said. “We’re going to see a lot of other companies potentially trying to experiment with this."\--With assistance from Mark Bergen.To contact the reporter on this story: Olivia Carville in New York at ocarville1@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Molly Schuetz, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Market Realist•4 hours ago
Slack Stock Posted Biggest Daily Loss Yet: What’s Next?
After making headlines with its astonishing public debut without the help of bankers, Slack (WORK) seems to have lost steam in July.
- Benzinga•5 hours ago
FaceApp Is A Reminder That Our Data Is More Vulnerable Than We Realize
FaceApp, the app that shows users aged pictures of themselves using artificial intelligence, has more than 80 million users all over the world and is currently the number one free app in both Apple Inc’s (NASDAQ: AAPL) iOS App Store and Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google Play Store, according to Business Insider. Senator Chuck Schumer (D-NY) sent a letter to the FBI and FTC on Wednesday calling for the agencies to investigate any potential national security and privacy risks posed by the app’s usage.
- American City Business Journals•7 hours ago
Opportunity Zone investor Urban Catalyst buys another downtown San Jose property, plans to build 170-room hotel
Opportunity Zone investor Urban Catalyst this week snapped up another property on West San Carlos Street in San Jose and said it planned to bulldoze the property and build a 170-room business hotel in its place.
- Investopedia•8 hours ago
How Square's Cash App Makes Money
Cash App is free to download, and its core functions free to use. So how does this app, which has been downloaded more often than Venmo, make money?
- Motley Fool•8 hours ago
What to Watch When Alphabet Releases Q2 Earnings Next Week
This tech leader has become so much more than "just" internet search.
- MarketWatch•8 hours ago
Bust these 3 myths before breaking up Big Tech
As the public and government regulators around the world discuss whether and how to manage the power of technology companies, one idea that keeps coming up is breaking up these large conglomerate corporations into smaller pieces. Public distrust for tech companies has shifted to talk of antitrust action against them. Facebook, for instance, might then have to compete with Instagram for photo-sharing and WhatsApp for messaging — rather than owning both.
- Financial Times•10 hours ago
Google’s sister company creates smart nappies
Google’s life sciences sister company Verily has created a baby monitoring system based around “smart nappies”, working with Procter & Gamble’s Pampers to use sensors, software and video to surveil when infants sleep, wee and poo. Parents will be able to raise “quantified babies”, attaching an activity sensor to the child’s nappy, which feeds data on when a nappy is wet and on a baby’s sleep time to an app that charts daily and weekly routines to show its development. P&G’s Lumi system, set to launch in the US this autumn, also includes a video monitor made by consumer electronics company Logitech, so that parents can watch their baby through the app anywhere in the world.
- Financial Times•16 hours ago
Data clouds darken with new Pegasus exploit
Amazon, Apple, Facebook, Google and Microsoft,— have a mixed record on security and protecting users' data, with the Cambridge Analytica scandal probably giving Facebook the lowest marks, while Apple's strong emphasis on securing users' data and whereabouts might earn it the top spot among the five. suggests they are all equally at risk from the Pegasus smartphone malware developed by Israel's NSO Group. Spy agencies and governments have used it for years to harvest data from targeted individuals’ smartphones, but sources say it has now evolved to capture data stored in the cloud, such as a full history of a target’s location data, archived messages or photos. NSO denies promoting cloud hacking tools.
- American City Business Journals•17 hours ago
McClatchy chooses Youngstown for new digital media project
The first of three new digital news sites The McClatchy Co. is starting with the support of Google will launch in September in the rustbelt city of Youngstown, Ohio.
- Financial Times•17 hours ago
Is privacy dead?
A few years ago, a computer scientist called Chris Carson had a realisation. “We’re still pulling people over for traffic violations and writing them tickets,” says Carson. Carson’s start-up, Hayden AI, is now trying to create a network of eyes many times any CCTV network, supercharged by 5G mobile networks and artificial intelligence.
- MarketWatch•19 hours ago
Read this before using FaceApp — you give up more personal data than you realize on this Russian-made app
FaceApp has gone viral again with a feature that makes users look elderly, but experts say it may pose security concerns.
- Investor's Business Daily•yesterday
IBD Stock Of The Day: Match Stock Jumps As Tinder App Could Bypass Google
Match stock jumped Thursday as an analyst said the owner of the Tinder dating app could add revenue to its coffers by bypassing the Google Play store when it comes to mobile devices.
- MarketWatch•12 hours ago
Jeffrey Epstein’s sinister PR strategy was a ‘classic tactic of spamming the internet’
A reputation-repair program for a prominent person convicted of criminal wrongdoing can easily cost more than $100,000.
- Benzinga•yesterday
4 Great Finance Apps for On-The-Go Professionals
With thousands of online financial services available, it's hard deciding which one is best for your online banking. MoneyLion is a personal finance app that uses machine learning to recommend financial products to their users. Users can create their own diversified portfolio across domestic and international stocks and bonds.
- InvestorPlace•yesterday
Three Key Questions for Roku Stock Ahead of Earnings
I get the case for Roku (NASDAQ:ROKU) as a business. The concern -- or one of the big concerns, anyway -- is the ROKU stock price.Source: Shutterstock ROKU stock has risen 260% in 2019 alone. It's added some $9 billion in market value over that period. To be sure, ROKU had crashed at the end of 2018, and likely was too cheap at those lows. Still, the gains are close to staggering: none of the 720 stocks with a market cap over $10 billion have outperformed ROKU stock so far this year.Again, there is a bull case here. In fact, I've made that bull case. I also argued last month, with the ROKU stock price over $100, that the rally had gone too far. For a moment, that call looked prescient, as the stock promptly fell over 10%. But a more confident market has bid ROKU back up to an all-time high.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAhead of earnings, coming on August 7, those highs look too high. There's value here. But to even stay at these levels, Roku will have to answer some key questions. * 7 Stocks Top Investors Are Buying Now So much success is priced in at this point that it seems difficult to get too excited. Of course, I -- and other skeptics -- have said that before. Can the ROKU Stock Price Hold the Valuation?On its face, ROKU looks expensive. The company is guiding for over $1 billion in revenue this year -- which suggests something around a 11x+ EV/revenue multiple, backing out some $285 million in cash.Of course, in this market, 11x sales -- even for an unprofitable company -- isn't all that extreme. Whether it's Shopify (NYSE:SHOP) or MongoDB (NASDAQ:MDB), growth stock investors have become accustomed to paying those types of multiples. Even streaming giant Netflix (NASDAQ:NFLX), accounting for its post-earnings decline on Wednesday, trades at 9.4x EV/revenue, based on 2019 analyst estimates, with slower growth.But, as I've written before, it's important to remember a key aspect of Roku's business. The company's player business -- the actual sales of Roku hardware -- is unprofitable. Players generated gross profit of just $7 million in the first quarter, for example. It's the platform revenue from advertising, the Roku Channel, etc., for which investors are paying.That revenue is guided to two-thirds of this year's total. That in turn means investors are paying roughly 17x platform revenue -- one of the highest multiples in the entire market. It's difficult to see that moving any higher -- and there are reasons to think it might move lower. Will Netflix and YouTube Play Ball?That multiple might seem acceptable given Roku's key position in the growth of streaming. But the problem is that Roku isn't monetizing that position all that well.Notably, per the Roku 10-K, Netflix and Alphabet's (NASDAQ:GOOG,NASDAQ:GOOGL) YouTube account "for a majority" of hours streamed on Roku devices. Roku does not get "material revenue" from YouTube, however, and still appears to receive few dollars from Netflix.That might not be a terrible thing in terms of growth. The lack of dollars from those streaming giants means that new streaming services from Disney (NYSE:DIS), AT&T's (NYSE:T) WarnerMedia, and Comcast (NASDAQ:CMCSA) subsidiary NBCUniversal all can provide catalysts to revenue and profits.But from a long-term perspective, it's hard to see how ROKU stock is a clear and easy play on streaming when it's not making money from the industry's two biggest players (at least for now). And it's difficult to see why Disney or WarnerMedia would pay Roku when they're competing against Netflix and YouTube. Who Buys Roku?These questions are largely moot if Roku gets acquired. Rumors have swirled since even before the company's IPO. At this point, Roku clearly has out-competed Alphabet and Amazon (NASDAQ:AMZN) in terms of streaming devices. As such, it would make sense that some company might want to acquire it as an entry into the streaming ecosystem -- or a way to profit from it.The problem at this point is: who? If anyone involved in streaming acquires Roku, it then owns a gateway for cord-cutters. But so many other companies are involved in streaming, that the new Roku owner instantly would own the distribution mechanism for its competitors.That's a sticky situation. It makes streaming providers more hesitant to deal with Roku; they might instead turn to Amazon, who is having some success licensing its Fire technology to television manufacturers. It puts Roku, at this point a subsidiary of a larger player, in an awkward position.Meanwhile, Alphabet, Amazon, and Apple (NASDAQ:AAPL) all have their own hardware (Apple's platform is on the way). Disney and NBCUniversal won't be looking to provide streaming services for their competitors. Smaller media companies, at this point, might be too small given Roku's about $12 billion enterprise value.It's easy to assume that Roku will be bought out. But the same assumptions were made about TiVo (NASDAQ:TIVO). These aren't the same situations, of course, but the names of potential Roku buyers being floated around don't make all that much sense -- at least not yet. Be Careful Ahead of EarningsParticularly with Netflix's post-earnings flameout, ROKU stock simply looks dangerous here. Valuation is a question mark. Competition remains intense. An acquisition is far from guaranteed.And, as we've seen with Netflix, streaming growth isn't quite as linear as some would like to believe. For ROKU, so much success is priced in that anything short of a blowout quarter next month is going to be a problem. There's a wonderful business here, to be sure. It just might not be quite as wonderful as the ROKU stock price suggests at the moment.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post Three Key Questions for Roku Stock Ahead of Earnings appeared first on InvestorPlace.
- Investor's Business Daily•yesterday
Is Microsoft Stock A Buy Ahead Of Earnings? Here's What Its Stock Chart Shows
Microsoft is a leader in the rapidly expanding cloud-computing market. Here is how Microsoft stock's technicals and fundamentals look before its Q1 report.
- American City Business Journals•yesterday
Cambridge startup Kronos raises $105M in one of the biggest Series A rounds of the year
Kronos Bio CEO Norbert Bischofberger and board member Arie Belldegrun contributed to the Series A round, which is one of the largest in the industry this year.
