FinTech

2020 could quite easily be a great year for FAAMNG stocks if things continue the way they currently are. FAAMNG comprises Facebook (FB), Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Netflix (NFLX), and Google’s parent company Alphabet (GOOG and GOOGL). These are the biggest tech and internet stocks in the world.FAAMNG Stocks in 2020A publication from The Arora Report shows the current money flow into these companies via their stocks. Dividing each stock into several data points, the table...

Recently, there appeared reports stating that American food delivery giant Grubhub is in talks with Walmart, Kroger, Albertsons, and Ahold-Delhaize. Some have rumored that the companies may acquire the leading food ordering and delivery company. The discussions around the news became even hotter after the comments of Brittain Ladd, ex-Amazon executive, and supply-chain consultant.Ladd said:“I have spoken with executives from each company (especially Walmart) and there is interest in acquiring...

Airbnb, DoorDash, and GitLab are among 18 unicorn companies that are set to run an initial public offering (IPO) sometime in 2020. The expectation for a more definite announcement at some point this year, already means that there is more than enough to anticipate in the financial clime. While there will most likely still be more public announcements, these 18 are already making the rounds.The market for initial public offerings in 2019 was a little disappointing, to say the least. Compared to...

Samsung has made some very interesting announcements during the ongoing CES 2020. Holding at the Las Vegas Convention Center, the International Consumer Electronics Show happens annually, for players in the consumer electronics industry.Even though it began yesterday Samsung has already charged up the event with its announcements. Based on the events at the opening, Samsung has let the world know that it is ready for the new era of consumer electronics.Samsung CES 2020 KeynoteYesterday,...

Apple returns to the Consumer Electronics Show (CES). It is happening right now in Las Vegas. The technology giant and smartphone maker hadn’t attended the event as much as twenty-eight years. It came as a bit of a shock to many who hadn’t expected the technology giant to show up and this afforded them the chance to do quite a bit. Apple didn’t show up with any fancy hardware or innovations for which they are known for. Jane Hovarth who is the senior director for privacy at Apple was around...

It has become known that Judge P. Kevin Castel taken a decision to deny without prejudice SEC’s letter which was aimed at revealing the full bank records of Telegram. To deal with this issue the court chose a variant of having a phone call with the participation of all the parties of this dispute.The dispute has arisen as the SEC tries to insist that the Gram token sale that was held by Telegram and that brought the company approximately $1,7 billion from investors was an unregistered...

Telegram appears to have caught a break with the recent case filed by the U.S. Securities and Exchange Commission (SEC). The company recently refused to share its financial records with the market regulator, and now the New York court has ruled against SEC’s demand.SEC Request DeniedThis year started on the wrong foot for Telegram, as the SEC recently requested the firm’s financial records to explain what it did with the $1.7 billion raised for the TON blockchain. As Cryptopotato reported,...

Many market participants were talking about the grand crash possible in the Q1 2020. And now it looks like the disaster is slowly entering the room.The stock market is crashing on Monday, opening with a 136 points drop. Apple and Microsoft were saving the situation at the end of the year, but the overall picture now is not so good. The trading issues between the U.S. and China, as well as the recent actions of President Donald Trump against Iran, seem to add uncertainty to both local and...

The geopolitical tensions are high as Iran said that it will no longer abide by uranium enrichment limits and Donald Trump has claimed to attack them like “they’ve never been before”.While this is happening, WTI oil prices increased by as much as 2% overnight (and it is quite impressive, right?) as Brent Crude topped $70 per barrel. Since September this is the first time that such a situation has happened. Also, it’s worth mentioning that gold managed to almost reach $1,600/ounce which is the...

Telegram has released an official notice about its TON blockchain and Gram tokens. The blog post on the company’s website includes important details about what should be expected by the Telegram community.Telegram has been embroiled in a legal battle with the SEC over several details regarding its Gram tokens. The scuffle between both parties is still quite heated and doesn’t seem to be nearing a resolution anytime soon. Regardless, Telegram decided to make a few things clear as the community...