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June 13, 2019
Tesla (TSLA) held its annual shareholder meeting on Tuesday, where CEO Elon Musk said there is not a demand problem for the Model 3 and that the company expects to unveil its pickup truck this summer.
June 6, 2019
On June 3, House Antitrust Subcommittee Chairman David Cicilline announced a bipartisan investigation into competition in digital markets. The investigation will include a series of hearings held by the Subcommittee on Antitrust, Commercial and Administrative Law on the rise of market power online, as well as requests for information that are relevant to the investigation.
May 30, 2019
Shares of Roku (ROKU) are on the rise after Needham analyst Laura Martin raised her price target on the shares to $120 as she sees four key competitive advantages, including advertising, revenue optionality upside, active users that makes it a gatekeeper for new streaming services, and M&A potential.
May 23, 2019
On Friday, May 17, Facebook (FB) COO Sheryl Sandberg said in an interview on CNBC that she doesn’t believe a break-up of the company would solve any issues, and added that the company will keep doing “what’s right” to protect people and fix problems at the company.
May 16, 2019
Alphabet’s (GOOG; GOOGL) Google is preparing to launch a new set of tools aiming to limit the use of tracking cookies in a move that could deal a blow to other digital-marketing companies, according to a report by the Wall Street Journal. Apple’s (AAPL) Safari and Mozilla’s Firefox had also introduced updates to restrict by default the majority of tracking cookies back in 2017 and 2018, respectively.
May 9, 2019
Shares of small-cap Workhorse Group (WKHS) were on the rise Wednesday following a tweet by President Donald Trump saying that General Motors (GM) has agreed to sell its Lordstown Plant in Ohio to the battery-electric vehicle maker. GM has since confirmed its investment plans and said it is in talks with Workhorse.
May 2, 2019
iPhone revenue accounted for 53.6% of Apple’s second quarter revenue, down from 61.4% in the last quarterShares of Apple (AAPL) are on the rise on Wednesday after the company reported stronger-than-expected earnings per share and revenue for the second quarter. The tech giant noted that iPhone sales dropped 17% in the quarter compared to last year, though that decline was not as bad as feared.
April 25, 2019
On Thursday, April 18, Facebook (FB) announced an update to a blog post from March titled “Keeping Passwords Secure,” saying that since the original post was published, it discovered additional logs of Instagram passwords being stored in a readable format. “We now estimate that this issue impacted millions of Instagram users,” the company said. “We will be notifying these users as we did the others. Our investigation has determined that these stored passwords were not internally abused or improperly accessed.”
