Facebook is concerned about a future iOS update that would pose a threat to its advertising business because of built-in privacy protections the software will have. Facebook relies on the collection of data to provide marketers with tools to target certain individuals. In their business, the tiniest improvement to the funnel could mean millions or even tens of millions of dollars.
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When it comes to predicting future performance, the only data available to investors is the past; and that is what investors will look to when trying to decipher the direction of the stock market after November’s election.
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The Department of Justice filed an antitrust lawsuit against Google on October 20. The DOJ is suing Google due to its business practices, arguing that Google acts as a monopoly.
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The S&P 500, Dow Jones Industrial Average, and Nasdaq all had a week to remember with their largest gain in the last three months. Powering the weekly surge were new talks about a stimulus deal, analysts’ growing optimism about EPS, and the Vice President Biden’s increasing lead in the polls.
Read MoreWhenever Bill Ackman speaks publicly, you’re bound to hear about it, and it’s not just because he’s one of the most prolific hedge fund managers out there.
Read MoreThe good old days have rarely come back to feel so good. IPOs are hot in 2020, already eclipsing all YTD totals for the last 20 years. The only year that comes even close? 2000.
Read MoreIt’s Apple v. Google v. Facebook v. Amazon v. Microsoft in the technology space that has seen these firms bring out the knives and litigation in an attempt to remain the last one standing.
Read MoreMicrosoft has been moving quietly within the electronics space announcing its price for the Xbox Series X at $499, Xbox Series S at $299, and their new smartphone the Surface Duo.
Read MoreEvery few years, a certain market gets so optimistic that investors start to question the current sentiments and valuations.
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