FinTech

Amazon has released impressive earnings figures for its fourth quarter. The figures show that the company beat its expectations for what its efforts for the quarter would yield. Amazon announced that its holiday sales profit crossed $3 billion. In response, Amazon stock jumped 13%, pushing its valuation into the neighborhood of $1 trillion.Amazon Holiday Sales Quarter HighlightsAmazon reported a total profit of $3.3 billion for the holiday quarter recently concluded with a total revenue of...

When last year in November, a documentary series episode from Netflix called “The Next Pandemic” came out – nobody actually didn’t give it too much importance. However, only a month after – boy, how it started to be popular. The episode describes the ways how viruses are spreading and evolving into epidemic situations.The story starts with traveling across India, Egypt, the Democratic Republic of Congo, the United States and explains historical cases of pandemics like it was the Spanish flu...

Google is starting a painful process of eliminating direct contact with key people in Wuhan, and across China. FAANG members officially closed four offices thanks to the virus. It is spreading fast, and the companies around the world understand that they have to act quickly.Numerous Companies Flee Away Because of Virus, Economic Freeze is OngoingGoogle is banned in China, but the locals are working as marketers, sales engineers and so on. They do not develop the local version of Google, they...

The United Kingdom (including London) fintech ecosystem has reached a new record of $4.9 billion in investment. And as a result, it has managed to secure its position for another year as the number one destination for European fintech investment. Only the United States has a better record, according to the recent report from City AM, London.Exclusive data from Innovate Finance has revealed that the UK recorded a 38% increase in venture capital and private equity investment into its fintech...

American technology company Microsoft Corporation has managed to beat analyst projections. It has become obvious from the earnings that it reports for its second quarter for the year 2020. The company said revenue grew by 14% compared to the same quarter a year earlier, landing at $36.9 billion.Chief Executive Officer Satya Nadella stated:“We are innovating across every layer of our differentiated technology stack and leading in key secular areas that are critical to our customers’...

As per reports on January 28, 2020, CEO of Apex Clearing, Bill Capuzzi, stated that it is interesting to witness how the investing habits of millennials have shifted over the past year, claiming that millennials have proven to be unique and differed from their generational counterparts.Apex Clearing has disclosed the fourth-quarter Millenial 100 report that analyzed over 734,000 portfolios possessed by U.S.-based investors with an average age in the region of just 31 years. The result was...

Santa Clara-based multinational semiconductor company, Advanced Micro Devices Inc (AMD) first-quarter estimate of revenue has raised a lot of eyebrows as it came in far below the estimates of analysts. Such a situation is a result of declining demand from gaming console makers despite its data center and PC chips business tracking a revival in the chip industry. It has become known from the reports of January 28, 2020.AMD saw its stock price decline as much as 4% after the company announced...

Syscoin, which launched in 2014 as one of the earliest pioneers of ICO fundraisers, has announced the launch of the Syscoin Bridge protocol, allowing ERC20 tokens to move from the Ethereum network into the Syscoin ecosystem. For network users who wish to take advantage of the newfound interoperability, block 348,000 on the Syscoin blockchain will provide the first opportunity.The pitch from Syscoin is for a decentralized, secure, low fee blockchain with high transaction throughput –...

Place/Date: - January 28th, 2020 at 9:01 am UTC · 3 min read Contact: CEEK, Source: CEEK VR Photo: CEEKThe streaming wars are heating up from Netflix to YouTube, Spotify, and Amazon. Today everyone is streaming digital content. This year alone it is estimated that the streaming industry will generate revenues of US$12.4 BILLION. One of perhaps the biggest issues facing the industry is TRUST. There is still a lot of distrust from content creators who believe that these companies are not...

As January draws to a close, the market is seriously anticipating the release of earnings reports from Apple and Facebook. Both companies, two of the world’s largest tech companies that make up the popular FAANG stocks, had a really great year in 2019. Before Wednesday when the last of these reports will be published, let’s take a look at their journey so far and what is expected.FAANG Stocks to AnticipateWhile the name comprises 5 different companies including Facebook, Apple, Amazon,...