Amazon Near All-Time-Hi; Facebook All-Time-HI; Facebook Shop Rollout; Spotify Gets Rogan Shares 18-MTH HI; Cloud-Index New Hi | This Week In Tech Stocks [May 25 2020]
Tech
Stocks
This WK
-------
+ Amazon Near All Time High
+ Facebook All Time HI $230.75 ... Facebook Rollout Shops;
+ Spotify Gets Joe Rogan Show, Shares 18-MTH HI
+ Cloud Index Hits New HIghs
+ Job Cuts
+ Joe Biden Says 'Amazon Should Start Paying Their Taxes'
+ and More..
Tech Headlines
Amazon Shares Near All-Time High
Amazon shares trade near its all-time high
as e-commerce booms... | CNBC Clip
Facebook All Time High
Facebook Stock Soars to New High
on E-Commerce Push
https://www.marketwatch.com/articles/facebooks-move-into-e-commerce-pushes-stock-to-new-high-51589991757
Facebook Rolls Out Online Shopping
https://www.stockmarket-blog.com/2020/05/facebook-shopping-online.html
Facebook and Amazon's new rivalry is heating up
https://finance.yahoo.com/news/facebook-amazon-ecommerce-rivalry-191413547.html
Spotify App Grabs
Joe Rogan
Show
Spotify Gets YouTube Joe Rogan Show, Shares Go 18-MTH High
https://www.stockmarket-blog.com/2020/05/spotify-joe-rogan-shares-18-months-high.html
Who is Joe Rogan, the man who just scored a reported $100 million deal with Spotify?
https://www.marketwatch.com/story/who-is-joe-rogan-the-man-who-just-scored-a-reported-100-million-deal-with-spotify-2020-05-20?siteid=yhoof2
Cloud Index
Hits New Highs
BVP Nasdaq Emerging Cloud Index and the corresponding WisdomTree Cloud Computing Fund hit new highs this WK
Cloud computing stocks are hitting all-time highs
amid work-from-home, according to one index
https://www.cnbc.com/2020/05/21/cloud-computing-stocks-hitting-an-all-time-high-amid-coronavirus-bvp.html
Job Cuts
IBM Is Latest Tech Giant to Cut Jobs...
https://www.bloomberg.com/news/articles/2020-05-21/ibm-is-latest-tech-giant-to-cut-jobs-in-midst-of-pandemic
Uber to cut 3,000 more..
https://www.cnbc.com/2020/05/18/uber-reportedly-to-cut-3000-more-jobs.html
Losses
Hewlett Packard Enterprise loses more than $800 million as sales slump..
https://www.marketwatch.com/story/hpe-loses-more-than-800-million-as-sales-slump-ceo-blames-coronavirus-economic-lockdowns-2020-05-21?siteid=yhoof2&yptr=yahoo
FAANG
YouTube exec says CV-themed ads don’t perform any better, but ‘scrappy’ ads do
https://www.cnbc.com/2020/05/20/youtube-exec-covid-themed-ads-dont-work-but-scrappy-ads-do.html
Facebook plans to start hiring new remote workers by July, expand presence in more cities
https://www.cnbc.com/2020/05/21/facebook-plans-to-start-hiring-remote-workers-by-july-expand-in-more-cities.html
Facebook fined by Canada competition watchdog after privacy probe
https://ca.news.yahoo.com/facebook-fined-canada-competition-watchdog-161155345.html
EU Tech Chief Threatens Facebook’s CEO With Regulation
https://finance.yahoo.com/news/eu-tech-chief-threatens-facebook-172227555.html
Amazon
Amazon reportedly delays Prime Day sales event
until September
https://www.cnbc.com/2020/05/21/amazon-reportedly-delays-prime-day-sales-event-until-september.html
Tax Time?
‘I think Amazon should start paying their taxes,’ Joe Biden says
https://www.cnbc.com/2020/05/22/i-think-amazon-should-start-paying-their-taxes-joe-biden-says.html
Former Vice President Joe Biden: 'Amazon should start paying their taxes'
Apple
iPhone sales sees potential bounce back in China
https://www.youtube.com/watch?v=L6sF9Hnk3UY
Netflix
Netflix's stock falls again, heads for longest losing streak in 3 MTH
https://www.marketwatch.com/story/netflixs-stock-falls-again-heads-for-longest-losing-streak-in-3-months-2020-05-22
Netflix will start cancelling inactive members’ subscriptions
https://www.cnbc.com/2020/05/21/netflix-will-start-cancelling-inactive-members-subscriptions.html
eCommerce
Walmart e-commerce sales rose 74% in first quarter
https://www.youtube.com/watch?v=LTvWZCwGrho
WooCommerce launches native WooCommerce Payments feature
https://techcrunch.com/2020/05/19/woocommerce-launches-native-woocommerce-payments-feature/
Shopifys 100% Runup Evokes Visions of Nortel Index Dominance
https://finance.yahoo.com/news/shopify-100-runup-evokes-visions-155522246.html
Social Media
Twitter Boss Jack Dorsey on giving away his money: ‘If someone is in pain, I am in pain’
https://www.cnbc.com/2020/05/21/twitter-ceo-jack-dorsey-on-giving-away-his-billions.html
Twitter, WhatsApp Sanctions Loom in European Privacy Crackdown
https://finance.yahoo.com/news/twitter-whatsapp-sanctions-loom-european-193000797.html
Tech More
2020: The Year Tech Took Over
https://money.usnews.com/investing/stock-market-news/articles/tech-stocks-is-2020-the-year-software-eats-the-world
Spotify, Amazon, Apple, and Barstool Sports are all betting big on podcasts
https://finance.yahoo.com/news/spotify-amazon-apple-and-barstool-sports-are-all-betting-big-on-podcasts-001349735.html
FAANG five are enjoying their last dance as market leaders: Wasif Latif
https://www.youtube.com/watch?v=G3H8pr23_p0
FAANG emerges as the latest group to lead the market, Jim Cramer says
https://www.cnbc.com/2020/05/20/faang-emerges-as-the-latest-group-to-lead-the-market-jim-cramer-says.html
36M Americans have filed for unemployment, but (some) tech firms are still hiring
https://techcrunch.com/2020/05/18/36m-americans-have-filed-for-unemployment-but-some-tech-firms-are-still-hiring/
Boom for payments companies as crisis forces shoppers online
https://www.ft.com/content/c19421d3-f286-49c4-862d-f2b1ca6be94e
Remote Work Trend
Facebook to shift permanently to a more remote workforce
https://www.ft.com/content/4ae2fdf7-f427-4e98-abd7-feeb6b6f43f2
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