|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||241.19 - 252.41|
|52 Week Range||241.19 - 252.41|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Tencent Holding Inc. (TCEHY) is nearing bear-market territory after its stock has fallen nearly 19% since its January peak, sliding on a broader downturn in the technology sector. Tencent shares have been struggling amid concerns about how major technology companies like Facebook Inc. ( FB) will be impacted by growing fears over data privacy. Facebook has been at the forefront of the controversy in the wake of Cambridge Analytica’s data-gathering practices aimed at Facebook users.
Investors rattled by recent volatility are becoming choosier about which technology-focused stocks they scoop up, a reversal from 2017 that threatens to undermine the tech sector’s dominance.
According to The Verge, Facebook (FB) is looking to make its own processors to power smart speakers and other hardware devices. As a result, the social media company is forming a team to design its own hardware chips and is also looking for a manager who can help build an end-to-end SoC/ASIC,1 firmware, and driver development organization.
Kids like Caleb Moushey are killing cable TV. Not that Caleb knows from cable. “Everything is Netflix,” said his mother, Ally Brown, an insurance agent in the St. Louis area who also has a 5-year-old and a baby on the way.
Now we’ll take a look at Charter’s (CHTR) performance in terms of video customer net additions in 1Q18. With nearly 16.5 million video subscribers, after the merger, the new Charter Communications has become the third-largest pay-TV service provider in the United States, after Comcast (CMCSA) and AT&T (T). Wall Street analysts expect a net loss of Charter’s video subscribers in 1Q18, as the telecom company continued to face intense competition from OTT (over-the-top) video streaming companies.