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The Fly

June 6, 2019

#Socialstocks: U.S. Regulators To Probe Tech Companies, Google Suffers Outage

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.

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The Fly

May 30, 2019

Roku Rises as Analysts Ups Target on ‘Key Competitive Advantages’

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.

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The Fly

May 16, 2019

Google’s Cookies Changes Seen As Risk For Competitors, Ad-Tech Firms

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.

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The Fly

May 2, 2019

Apple Rises On Better-Than-Expected Results As Iphone Reliance Lessens

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.

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The Fly

April 25, 2019

#SocialStocks: Facebook’s Password Breach, Twitter and Snap Earnings Surprise

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.”

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