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Tag Archives: Technology

TSLA Stock Is Still Number One among Most Shorted Stock with $12 Billion

Tesla (TSLA) stock is the most shorted stock on the market. Over the last seven days, its short-sellers made $1.1 billion. It runs neck-and-neck with Apple.While coronavirus is devastating the market, Tesla Inc (NASDAQ: TSLA) stock is still number one among most shorted stocks. According to fintech company S3 Partners, over the last seven trading days, short-sellers made a total of $51.3 billion. $1.1 billion of the mark-to-market profit belongs to Tesla’s short-sellers. However, the gains do...

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Instacart Launches Door-Step Grocery Drop-off Service amid Spread of Coronavirus Fears

While the coronavirus fears are spreading, the companies are developing new solutions for their customers. Instacart announces the launch of door-step grocery drop-off service in the United States.Instacart, an American tech company, that operates as a same-day grocery delivery and also pick-up in the United States and Canada, has launched door-step grocery drop off services as a result of a surge in customers in the midst of coronavirus spread fears. This new service will be mostly applied...

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Apple (AAPL) Stock Rose 4.64%, Analyst Predicts iPhone 12 ‘Supercycle’ Thanks to 5G

As Apple stock rises to correct its market plunge, an analyst has confirmed that the company’s upcoming 5G iPhone 12 will ensure a bull run. AAPL was up yesterday but started falling in the premarket.Long after it’s over, the world will remember the coronavirus epidemic as one of the most worthy adversities the stock market faced in 2020. Several stocks are having a terrible time maintaining proper health as the virus continues to rage on. In addition to this, the immediate outlook isn’t very...

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Facebook (FB) Stock Gained 3.16%, Facebook Confirms Contractor Tested Coronavirus Positive

Facebook has announced that one of its contractors is infected with the coronavirus. Though FB stock gained yesterday, it is falling in the premarket.Facebook Inc (NASDAQ: FB) reported that their worker, from Seattle headquarters, has been diagnosed with the coronavirus. This is the first known infection inside the company. Meanwhile, Facebook (FB) stock is not going to lose its positions, though in teh premarket it is down.The employee has been in Facebook’s Stadium East office in Seattle on...

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Get Ready Tesla: GM Stock Rose 3% Yesterday, GM Touting a 400-Mile Range for EVs

GM says its battery technology will allow electric cars to travel 400 miles on a single charge without compromising driving performance. GM reacted positively, having gained over 3% yesterday.Chief Executive of General Motors Company (NYSE: GM), Mary Barra, announced on Wednesday that the company plans to invest $20 billion in the development of electric and automated vehicles. The investment should be through by 2025 and it’s meant as a direct challenge to Tesla Inc (NASDAQ: TSLA). This...

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Tesla (TSLA) Stock 0.54% Up Despite Downgraded Model 3 Chip in China amid Coronavirus

Tesla Model 3 cars underperformed customers’ expectations. According to buyers, the hardware in Model 3 vehicles was the 2.5 version as opposed to the 3.0 version the company promised. Tesla (TSLA) stock was up on Wednesday.Tesla Inc (NASDAQ: TSLA) stock is like a balance-wheel. A couple of weeks ago, shares were beating their own records several times. Then, as coronavirus was gathering speed and scale, TSLA stock plunged. Now, Tesla (TSLA) stock rises again.On Wednesday, Tesla shares ended...

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Google Cancels I/O Developer Conference 2020 Due to Coronavirus Concerns

Google has called off its I/O Developer Conference 2020 due to COVID-19 fears. It has joined the row of other major events globally to be canceled this year.Google I/O developer conference 2020 has been canceled. This comes after Facebook also decided not to hold its F8 developer conference and Google also canceled its Cloud Next event as well. Google I/O was scheduled for May 12th to 14th, 2020. It has been canceled due to COVID-19 concerns. An e-mail was sent to attendees giving them the...

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Facebook to Develop Several Fiat-Pegged Digital Currencies in Addition to Libra

Facebook has changed plans for crypto and has decided to develop and issue multiple digital fiat-pegged assets in addition to Libra.Facebook Inc (NASDAQ: FB) has had a rough time with regulatory authorities and the U.S. government since it announced plans for a digital currency. When Facebook unveiled plans for the Libra, it probably did not expect the amount of backlash it got in response. Many institutions were worried about the power the Facebook company has and how it could affect how...

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Facebook (FB) Stock Falls 5.37%, Company Offers Free ‘Coronavirus’ Ads to WHO

Facebook will provide free advertisements to the World Health Organization as it seeks to ensure users are not misinformed about the coronavirus. FB stock was down yesterday but started to grow in the premarket.As the coronavirus spreads on a pace nobody even could imagine (94,192 infected, 3,219 dead), more and more companies are joining forces to help prevent further damage. Among them is one of the widest spread social media in the world – Facebook Inc (NASDAQ: FB).Yesterday FB lost over...

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Tesla (TSLA) Stock Could Hit $1,060 as Coronavirus Creates Opportunity, Says JMP Analyst

JMP said its new price target of $1,060 for Tesla (TSLA) stock, is one of the highest on Wall Street and implies earnings multiple that “may seem excessive”.Shares of electric carmaker Tesla Inc (NASDAQ: TSLA) grew on Tuesday after JMP Securities upgraded it and set a price target of $1,060 per share. That would mean that Tesla is among the stocks with the highest level on Wall Street.From JMP Securities it’s said that the “investors may find themselves with additional near-term opportunities...

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