Tag Archives: google

The Google Play Store might be getting some competition from Chinese giants including Huawei and Xiaomi as they create a new platform. This announcement hasn’t had any negative influence on GOOGL stock.In many sectors all over the world, a few heavy hitters are known to ensure an undesired level of dominance. For most of them, other potential competitors almost don’t stand a chance. However, there’s a chance that efforts from China are taking on the dominance that Google holds, especially...

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...

Tesla has been affected by the pressure from the coronavirus outbreak in China, where it has decided to temporarily close all its stores. The move will delay unit delivery to customers who had ordered. TSLA stock price is falling.The American electric automaker company Tesla has temporarily closed its stores in the entire mainland China due to fears of coronavirus spread. The move was not welcomed warmly by the customers who were waiting for unit delivery in February. As a result, in the...

Nvidia (NVDA) stock rose 2.8% to $247.04 after the company announced the full release of its GeForce Now game streaming service, which has been in beta for several years. Now GeForce will compete against other similar services like Google Stadia. Nvidia (NVDA) stock market price shot up with a 2.8% rise in the wake of Wednesday, February 5. Such an increase has been observed after the company launched its flagship gaming service, GeForce. The stock has been trading on a horizontal...

Google‘s parent company Alphabet released its Q4 2019 earnings report on Monday. February 3. With 2019’s total revenue standing at $162 billion, Alphabet also registered an 18% YoY growth.Surprisingly, Alphabet also unveiled the earnings of its popular video content distribution platform YouTube for the very first time. Youtube saw its quarterly Q4 earnings standing at $5 billion and its annual earnings standing at $15 billion. Youtube’s earnings saw a 36% jump in 2019 compared to its $11.2...

Asana Inc., the developer of web and mobile app for organizing, tracking, and managing work, has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (SEC). In the statement, Asana revealed their plan to enter the public markets via a direct listing. In other words, Asana files for IPO.Asana stated:“The public listing is expected to take place after the SEC completes its review process, subject to market and other conditions.”When...

Google‘s parent company Alphabet Inc. announced on Monday that its revenue was $46.07 billion in the fourth quarter of 2019. That represents a rise of 17% on an annual basis. The company reported diluted earnings per share (EPS) at $15.35 in the same quarter that represents a growth of 20% year-over-year.Net income increased by 19.2% to $10.67 billion in the closing quarter of fiscal 2019. Operating income stood at $9.27 billion over the same period, rising 12.8% annually.For the whole year...

Oh, Google… Why does your relationship with bitcoin and cryptocurrency have to be so convoluted and messy?Google Goes After Another Crypto ApplicationGoogle Play has decided to act against a bitcoin-based application known as Bitcoin Blast. The company delisted it, claiming that it was giving rise to “deceptive practices,” only to reinstate it a few days later.Amy Wan – the chief executive officer of Bling, the company behind the app – initially reached out to Google to question what their...

The legendary investor Warren Buffett and his firm Berkshire Hathaway knew about Google way ago. They had direct information early on about how lucrative its business would be but decided to pass on investing in the Internet search giant.Buffett says he’s really regretting that decision now. Google has become one of the very few $1 trillion dollar market cap U.S. companies. You could count them all on one hand.An investment of $500 million in 2013 would have grown in value to nearly $2.5...

Tech and internet companies were the first that succeeded to reach $1 trillion in stock market value. However, the next U.S. companies that could join this prestigious clique are better known for something else. We are talking here about card companies as are Mastercard Inc. and Visa Inc.Take Mastercard for example. In its fourth-quarter earnings report, the company said that its GAAP earnings per share (EPS) surged incredible 138% in the fourth quarter to arrive at $2.07, while revenues...