Tag Archives: amazon

Shopify reported a much better than expected full-year results. Shopify (SHOP) stock has jumped more than 10% and reached its ATH.Canadian based e-commerce company, Shopify Inc. has reported a better than expected full-year revenue and sale results. According to the company, the expected quarterly earnings from the holiday sales increased reciprocating to higher profits.Shopify’s Revenue ReportShopify (SHOP) stock leaped higher as a result of the news, breaking the initial resistance zone at...

As it tries to sanitize the playing field, the FTC has announced an investigation into some of the biggest tech companies: Amazon, Apple, Facebook, Google and Microsoft.The Federal Trade Commission, FTC, has announced its decision to begin an investigation targeted at some tech giants. The Commission said that the investigation is to shine its spotlight on these companies’ acquisitions carried out in the past, that may not have been thoroughly scrutinized by the regulator. The tech giants...

President Trump called four big tech companies with trillion-dollar market caps, Microsoft, Apple, Google and Amazon, the MAGA club. MAGA is also a short form of ‘Make America Great Again’, a favorite slogan of Trump and his supporters.United States President Donald Trump called out four tech giants for becoming a trillion-dollar companies – thanks to his merits. And not just that. We all remember his slogan ‘Make America Great Again’ (MAGA), right? Well, he went that far to call Microsoft,...

Amazon Web Services (AWS) said in the filing that it wants to depose President Donald Trump, Defense Secretary Mark Esper and former Defense Secretary James Mattis over a $10 billion Pentagon’s JEDI contract awarded to Microsoft.Amazon Web Services (AWS) spokesperson blames United States President Donald Trump for using his executive powers in order “to advance his personal agenda.” They also claim that the example of this was awarding of the $10 billion Joint Enterprise Defense...

Amazon has joined a number of big exhibitors that have already pulled out of the world’s largest mobile trade show MWC, including LG, Ericsson and Nvidia, citing concerns over the spread of the coronavirus.After some biggest companies canceled their plans for the Mobile World Congress (MWC), Amazon joined this infamous list. Congress is planned to take part later this month in Barcelona. However, a lot of companies as are LG, NVIDIA and Ericsson decided not to attend because of...

Facebook (FB) stock price is moving higher despite all the noise around the company partially caused by Elon Musk’s negative position toward it.Last few years we are witnessing Facebook getting numerous objections from many sides. It all culminated when its CEO Mark Zuckerberg last year publicly admitted that the company won’t ever be included in checking the credibility of political parties that are advertising on the social network. Of course, it all was sparked even more when it’s...

In a quest to fund the Blue Origin project, Amazon CEO Jeff Bezos continued with his initial plan to sell shares. He has now sold $3.5 billion worth of shares in a week after AMZN stock jumped higher and the company joined the $1 trillion club.Amazon CEO Jeff Bezos has sold almost $3.5 Billion worth of Amazon’s (AMZN) shares in the last one week, in the quest to fund his aerospace project Blue Origin. According to filings from the Securities and Exchange Commission (SEC), Jeff sold slightly...

ICE CEO Jeffrey Sprecher noted that Bakkt is the main booster for ICE’s growth and that the key focus for Bakkt in 2020 is consumer adoption.Bakkt, a company that is backed by the Intercontinental Exchange (ICE) which is also the proprietor to NYSE, will focus primarily on consumer adoption in the fiscal year 2020. This is according to ICE CEO, Jeffrey Sprecher who spoke during the Intercontinental Exchange’s Q4 earnings on Thursday, February 06, 2020.According to Sprecher, after Bakkt...

Qualcomm (QCOM) stock positively reacted to the optimistic figures in the company’s Q1 earnings report. The net income in that fiscal quarter was $925 million.Leading Technology Firm Qualcomm Inc. shares experienced a new rise, as QCOM stock has managed to top the earning table on Wall Street, making the firm one of the most valuable at the moment in the stock exchange market.Mobile technology firm and one of the very few proponents of the 5G network Qualcomm Incorporated shares rose steadily...

Amazon joined Microsoft, Apple, and Google (Alphabet Inc) to rank among the wealthiest companies in the U.S. with a market cap of over one trillion dollars on February 4, 2020. Now it is a new member of the elite $1 trillion club.Amazon joined Microsoft, Apple, and Google’s parent Alphabet to tank among the wealthiest companies in the U.S. The other three entered the elite club for the first time in January 2020. All of them together make up the “Trillion Dollar Club.”Up to today, only these...