|Bid||1,210.380 x 800|
|Ask||1,210.090 x 800|
|Day's range||1,206.150 - 1,217.000|
|52-week range||903.400 - 1,273.890|
|PE ratio (TTM)||52.40|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1,354.00|
Here's a review of how Dropbox got to be one of the leaders in the file-sharing market, despite going up against the biggest tech companies in the world.
Alphabet’s (GOOGL) Google, according to an August report from The Intercept, has been facing criticism over secretly creating a search engine called Project Dragonfly to launch in China (MCHI) (FXI). Also, more than a thousand Google employees have signed a letter criticizing the company for this secretive search engine that would comply with Chinese censorship.
While small traders continue to benefit from Square products, the company’s penetration of larger merchants has also continued to grow, hitting a milestone in the second quarter. The company’s operating expenses rose 45% YoY (year-over-year) to $318 million in the second quarter, driven by sharp increases in product development and marketing costs. Product development costs were $115 million in the second quarter, up 47% from a year ago.
Twitter (TWTR) has been linked to plans to create a version of TweetDeck that could be offered on a paid-access basis to heavy users such as brands and news organizations. TweetDeck is offered as a dashboard for managing Twitter accounts. A year ago, Twitter said it was running tests on whether or not a subscription product built around TweetDeck would be attractive. However, there have been no updates on TweetDeck monetization plans since.
Apple (AAPL) has been aggressively expanding its mobile payment service, Apple Pay, for the last few years. Apple Pay is now available in the US and 30 international markets. The tech giant has recently landed a massive partner for Apple Pay in the United States. Retail giant Costco (COST) has started accepting Apple Pay across 750 stores.
Twitter (TWTR) has forbidden US conspiracy theorist Alex Jones and his website Infowars from tweeting for seven days. The action was taken when Jones and his Infowars account violated the company’s anti-abusive rules by posting a video that reportedly had a segment provoking violence. Twitter deleted the video on August 15 and put a temporary seven-day time-out on Jones and Infowars, which means they cannot publicly post anything but can browse or directly send messages to their followers.
A recent regulatory filing shows that Square (SQ) offers its bitcoin trading service through private brokers rather than public cryptocurrency exchanges. Working with private brokers instead of public exchanges may help Square minimize risks in its bitcoin trading business, particularly by ensuring more predictable bitcoin prices. Partnering with private brokers may also make Square’s bitcoin trading service look more professional and secure, which may, in turn, help the company attract more traders to its platform.
Twitter (TWTR), Facebook (FB), Google (GOOGL), Microsoft (MSFT), and several other companies that operate digital platforms have teamed up on an open-source initiative called the Data Transfer Project (or DTP).
When Waymo picks up its first paying customer in a driverless taxi later this year, the car doing the honors will be made by Fiat Chrysler Automobiles NV. Not the sensors and software—the futuristic technology that allows a robot to drive a minivan will be made by Waymo. It’s an ironic twist that Fiat Chrysler, the world’s seventh-largest automaker, with a reputation for being frugal with research budgets, will provide the cars for one of the pioneering driverless businesses.
Shares of Apple (AAPL) have outperformed the broader market, the tech sector in general, and fellow FAANG components Facebook (FB) and Google parent Alphabet (GOOGL) since the start of the year in its journey to become the first company with a $1 trillion market capitalization. Where we were: Apple has risen 27.3% since the start of the year, nearly double the Technology Select Sector SPDR ETF's (XLK) 14.3% gain, and it's remained popular with smart-money players like hedge funds even when other tech stars have fallen out of favor. Where we're headed: Potentially lower, argues New Street Research, if iPhone sales disappoint next year.
Dow Jones futures: Tesla stock undercut 300 as concerns grow about CEO Elon Musk. PepsiCo will buy SodaStream. U.S.-China trade talks loom, even with new Trump tariffs due. The Nasdaq is lagging even with Apple soaring.
India (INDA) is one of the fastest-growing economies in the world and is increasingly moving toward digitalization. According to a McKinsey report, India is pegged to be a $1 trillion digital economy by 2025. Local established players, as well as US tech giants, are thus making efforts to push into the potential digital growth opportunity in India.
Square’s (SQ) peer-to-peer payment service Cash app is now more popular than PayPal’s (PYPL) competing service Venmo, according to data from app research firm Sensor Tower and Wall Street firm Nomura Instinet. Cash app’s accumulative downloads hit 33.5 million at the end of July, surpassing Venmo’s cumulative downloads of 32.9 million, Nomura wrote in a research note cited by CNBC. The Cash app has never racked up more downloads than Venmo, so the data indicate a milestone for Square in its race with PayPal to dominate the peer-to-peer payment market.
A popular slang term among Bitcoin believers is losing steam as the slump in global cryptocurrency prices continues.
Amazon (AMZN) is considering building an insurance comparison website in the United Kingdom (EWU). It’s in talks with European insurers to see if they would contribute products to the creation of a UK price comparison site, according to a Reuters report. Amazon already has an extensive price-comparison service for products on its website, but if it launches its insurance price comparison site in the United Kingdom, it will be a separate offering in a new market.
Alphabet's (GOOGL) Google introduces specification of audio streaming support for hearing aid users on android operating system.
The Oracle of Omaha hasn't invested in these areas. But they're great opportunities for investors who aren't already billionaires.