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Tag Archives: amazon

Amazon (AMZN) Stock Jumps 13% as Record Holiday Sales Send Capitalization toward $1 Trillion

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...

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Wuhan and the Whole China Lost Tech Giants Like Microsoft, Google, Amazon

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...

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Apple, Amazon and Tesla: Which Stock Attracts Millennials More Than Others?

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...

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MacKenzie Bezos Sells Her Amazon Stake Worth $400 Million

MacKenzie Bezos, the ex-wife of Amazon founder Jeff Bezos, has sold $400 million worth of the Amazon stock. The news has come from a filing that Jeff Bezos made with the Securities and Exchange Commission.According to the filing, Jeff Bezos retains sole voting authority over MacKenzie Bezos’ stake that stands at nearly 19.5 million Amazon shares. Notably, it is 200,000 fewer shares than MacKenzie received of their divorce. Those 200,000 shares are worth about $400 million at the current...

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2 Red-Hot FAANG Stocks Are to Report Earnings This Week

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,...

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Amazon Files Motion to Suspend Microsoft from $10 Billion JEDI Project

In an interesting turn of events, Amazon is seeking a court injunction against Microsoft. Amazon wants the courts to prevent Microsoft from continuing with the popular Pentagon cloud project until all related cases are resolved.Amazon Looks to Stop MicrosoftIn October last year, the U.S. Department of Defense (DoD) announced that it will be awarding Microsoft with the Pentagon contract. Called the Joint Enterprise Defense Infrastructure (JEDI), the project is worth $10 billion. At the time,...

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Ripple’s XRP Has Been Officially Added by Bitpay for Thousands of Merchants

In October 2019,  blockchain payment company BitPay announced the support for XRP.  XRP now is the world’s third-largest cryptocurrency by market capitalization. At the time of writing, its market capitalization was $10,295,012,141 and the XRP price was $0.2361 growing by 0.84%.When talking about BitPay, XRP has been integrated on the company’s platform via Ripple’s open developer platform Xpring. As per the company’s explanation, Xpring is an “initiative by Ripple that will invest in,...

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Bill Gates Says Charity Is the Best Way for Billionaires to Spend Their Fortune

Easily one of the world’s richest people, Bill Gates says charity is the best way to spend his money. According to the entrepreneur and philanthropist, there really is no better way to spend the amount of money a billionaire makes.In a recent CNBC report, Bill Gates says that figuring out the best way to spend a ton of wealth can be pretty challenging. The report suggests that this could be a lot more challenging than the benefit of being able to buy anything you want with the...

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As Alphabet Enters $1 Trillion Club, Let’s Have a Look at Top 10 Companies by Market Cap

Last week on Friday, January 17, Google‘s parent company Alphabet hit the trillion-dollar milestone. Alphabet became the fourth public listed tech company to achieve this feat.Despite staying in controversy with the regulators over the issues of privacy concerns, Alphabet had a good show in 2019 in the stock market. The Alphabet stock surged nearly 50% in a single year thereby pushing the company’s growth.Apple Inc. was the first company to achieve the trillion-dollar milestone in 2018,...

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BitPay Expands XRP Support: Users Can Buy Even Amazon Gift Cards with XRP

One of the most experienced companies in blockchain payments BitPay is expanding XRP support. Now XRP owners can use the currency to make purchases on all the retailers BitPay works with. Besides, they can buy gift cards even for Amazon with XRP.BitPay co-founder Tony Gallippi has already confirmed the positive news. According to Gallippi, users will enjoy XRP support starting next week.Run! $XRP added to @BitPay!Starting next week, gift cards can be purchased with $XRP -even for...

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