1,270.00 +9.95 (0.79%)
After hours: 7:44PM EDT
|Bid||1,269.51 x 800|
|Ask||1,271.70 x 800|
|Day's Range||1,259.82 - 1,273.92|
|52 Week Range||977.66 - 1,291.44|
|Beta (3Y Monthly)||1.19|
|PE Ratio (TTM)||28.83|
|Earnings Date||Apr 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,354.66|
'Optimus Ride' is launching it's self-driving shuttle in New York City, aiming to change the self-driving vehicle space. Yahoo Finance's Zack Guzman and Jeanie Ahn are joined by Anna-Marie Wascher, Flat World Partners CEO, and Ryan Chin, Optimus Ride CEO and Co-Founder, to discuss.
Yahoo Finance's Adam Shapiro, Julie Hyman, and Jessica Smith join Oppenheimerfunds Chief Investment Officer and Head of Fixed Income Krishna Memani to discuss.
Google's parent company Alphabet officially got the green light from the Federal Aviation Administration to operate its drone delivery business called Wing Aviation in a rural part of Virginia. This is the first drone operator to ever win government approval and could open the doors for others like Amazon to soon jump in. The rigorous process now gives Wing the same certification as smaller airlines do. Yahoo Finance’s Dan Roberts, Heidi Chung, and Myles Udland discuss what this means for the future of delivery services.
Google is likely set to reveal mid-range Pixel 3a and 3a XL devices on May 7th , and now we know what they'll probably look like. A leak from Evan Blass, aka @evleaks , shows a notch-free device with a fairly basic design, single rear camera and a rear fingerprint reader. That's a bit out of step with other mid-level devices we've seen recently like Samsung's Galaxy A70 , with rear multi-camera setups and nearly bezel free displays.
Netflix Aspires to New Records in 2019(Continued from Prior Part)Apple Plus and Disney Plus coming Apple and Walt Disney (DIS) recently unveiled their new subscription video services, which will compete with Netflix for customers and revenue in the
From National Landing to SoHa, neighborhoods often find themselves renamed by forces outside the community, from big companies to real estate firms.
The Latest on 5G Equipment Vendors Nokia and EricssonNokia accused of unfair patent licensing practices Several European auto companies want Nokia’s (NOK) patent business subjected to an antitrust probe. Daimler, the German automotive giant behind
Amazon.com Inc. (AMZN), which fell 34% off its highs last year, has recouped nearly all of those losses in 2019 and is within striking distance of regaining its $1 trillion market value. Whether Amazon rises higher may be determined by whether it reports robust first quarter earnings growth and solid revenue gains, as expected by analysts, after the close of trading on Thursday. In Q1 ended March, analysts expect Amazon to report that earning per share rose by 41% to $4.61 from $3.27 a year earlier, per Nasdaq data.
As markets have rebounded from December doldrums, the FAANG gang has also returned with a vengeance. According to Kennedy, better-than-expected GDP growth so far in 2019 has meant that the group bounced back harder.
Key Highlights of Twitter’s Q1 2019 Results(Continued from Prior Part)Twitter’s user base in the first quarter Investors rejoiced after social media company Twitter (TWTR) reported a better-than-expected number of MAUs (monthly active user) in
A stock’s popularity may be a contrarian indicator. The more crowded a trade, the more likely a stock could tumble as a herd of portfolio managers sell their positions.
Equity payments are common at startup companies. This compensation offers the potential for a big payout, but it's also much riskier and tax-complex than earning a salary.
Facebook (NASDAQ:FB) stock is up 38% year-to-date, but Facebook may be looking over its shoulder a little more lately, as it's being challenged by TikTok, a short video app which is making waves among younger audiences. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsTikTok may be the biggest app you have never heard of. This new app belongs to Bytedance, a Chinese startup valued at $75 billion last year.According to Sensor Tower, TikTok has been downloaded over 1 billion times, with 663 million downloads in 2018. And in October 2018, TikTok was downloaded more often than Facebook and Instagram. Venture capitalist Hans Tung notes that TikTok is "one of the few apps that has enjoyed wild popularity both inside and outside of China." It boasts 26.5 million monthly active users in the United States, with 60% of them between the ages of 16 and 24. Worldwide, TikTok and its Chinese sister app, Douyin, claimed 500 million monthly active users in June 2018. FB Stock Faces a New Rival … AgainFacebook took notice, and responded by launching Lasso, its own short video app, in November 2018. Now, if you've followed Facebook stock for more than two years, this story may sound familiar. This isn't the first time a rival app is challenging Facebook and winning over Generation Z. I discussed the same thing happening with Snap (NYSE:SNAP) in 2017. Facebook responded by copying some of Snap's features. * 10 Stocks to Sell Before They Give Back 2019 Gains Facebook (the app) still has trouble with young people. However, this isn't much of a problem for FB stock. Facebook also owns Instagram, which, according to a survey from Piper Jaffray, overtook Snap last year as the social network of choice for teenagers. Instagram claimed 1 billion monthly active users in June 2018, up from 800 million monthly active users in September 2017. Could TikTok overtake Facebook's family of apps? How will the rapid rise of this new app impact FB stock? TikTok's Background Zhang Yiming, a software engineer, founded Bytedance in Beijing in 2012. TikTok is not this company's first app; it has also released Jinri Toutiao (Today's Headlines), a wildly popular AI-powered news aggregator which boasts 200 million daily active users. Bytedance has catapulted Zhang onto Forbes billionaires list, where he currently ranks No. 70 with a net worth of $16.2 billion. TikTok was launched in China in September 2016 as Douyin. It began operating outside China a year later. Although TikTok and Douyin are very similar, the two apps are not exactly the same. Douyin is intended for use in China, while TikTok is the international version of the app. TikTok's Global ExpansionBytedance bought musical.ly, an app for lip-syncing music videos, in November 2017, merging it with TikTok in August 2018. Zhang made international expansion a priority last year, and said he wanted to have 50% of TikTok's users outside of China by 2021. TikTok told advertisers in January that it had 17 million monthly active users in Europe. In India, TikTok claimed 52 million monthly active users as of January. Compare that to Facebook's Instagram, which has 75 million monthly active users in the country. However, like Facebook, TikTok has run into some controversies around issues such as user privacy and obscenity. Indonesia banned TikTok in July, citing concerns around "pornography, inappropriate content and blasphemy." However, the Indonesian government lifted the ban after TikTok agreed to delete such content. Bangladesh banned Tik Tok in February, citing similar concerns. The Indian state of Tamil Nadu recently banned the app and TikTok is now facing a ban in India. Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and Apple (NASDAQ:AAPL) have removed TikTok from their app stores in India.And in February, the U.S. Federal Trade Commission hit TikTok with a $5.7 million fine for illegally collecting data on children. Will TikTok Impact Facebook Stock?If TikTok succeeds in reducing the time spent on Facebook's platforms, Facebook stock would be negatively impacted. However, one more thing stands in TikTok's way: its low engagement rate. An app's engagement rate measures how often the app is used. As Apptopia explains:"100% Engagement rate means users open the app every day while 50% means every other day."Apptopia's chart shows that TikTok has a much lower engagement rate than Facebook or Instagram. Facebook and Instagram's engagement rates are close to 100%, meaning the average user opens these apps almost every day. TikTok's engagement rate is much lower, and suggests that the average user opens the app only two days per week. TikTok will also have to find a way to make money; according to an article from Social Media Today: "Vine seemingly attracted a similar audience to TikTok, but was unable to monetize effectively."TikTok will have to clear these hurdles before it can mount a serious challenge to Facebook stock.As of writing, Lucas Hahn did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post Will TikTok's Rise Impact Facebook Stock? appeared first on InvestorPlace.
The Madras High Court on Wednesday moved to lift a ban on popular video app TikTok in the country, two lawyers involved in the case said, in a boost for its developer Beijing Bytedance Technology Co. Earlier this month, the court in Tamil Nadu ordered the central government to prohibit TikTok downloads, saying the app was encouraging pornography and could expose children to sexual predators. Acting upon subsequent instructions from the federal IT ministry, Apple Inc and Alphabet Inc's Google last week removed TikTok from their Indian app stores.
In January, Google Inc (NASDAQ: GOOG) self-driving car spinoff Waymo announced that it would be opening the world's first factory for the mass production of SAE Level 4 autonomous vehicles. The company scouted for a location in the state of Michigan and has finally zeroed in on Detroit, where it will partner with American Axle & Manufacturing to repurpose an existing manufacturing facility and bring back the jobs lost in the recent automotive industry slump in the region. Waymo has invested $13.6 million in the facility and is expected to bring close to 400 jobs to the region.