Shana Glenzer in an interview on Fox Business talked about the scope of scanning that Google Inc. (NASDAQ:GOOG) undertakes on its users’ accounts. Google has recently reported one of its users to the authorities for engaging in child pornography after scanning images in his account. Meanwhile, Facebook Inc. (NASDAQ:FB)’s social media platform was a subject a massive outage last week as the service went down in some countries, although the service was later restored’ after a massive outcry from its followers. The popularity of Facebook Inc. (NASDAQ:FB) was put to test during the outage as some people are reported to have gone to the extent of calling the police to report the matter. Some people…
Author: Neha Gupta
The world largest retailer, Wal-Mart Stores, Inc. (NYSE:WMT), has redesigned its website as it tries to make it more compatible with tablets and mobile devices, as one of the ways to increase competition against online giants like Amazon.com, Inc. (NASDAQ:AMZN). Wal-Mart has, over the past few years, been tying up its online presence as it tries to tap into the consistent growth of the use of handheld devices in doing shopping according to Indiegogo Cofounder & CEO, Slava Rubin, who discussed Wal-Mart’s latest move during an interview on CNBC. Wal-Mart Stores, Inc. (NYSE:WMT) has already carried out studies in Canada…
Cloud computing is the talk of the technology industry, and focus has been on the technology incumbents such as Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT) and International Business Machines Corp. (NYSE:IBM). The concern is how they are managing the brutal and beautiful shift to the cloud. The New York Times’ Steve Lohr took a look at these cloud leaders and revealed what they are up to what that might mean to the investment community. The shift to cloud computing might not be a step that every technology company is ready to make, even the so-called incumbents, but it is necessary because…
Tesla Motors Inc (NASDAQ:TSLA)’s second-quarter figures were mixed, according to Bloomberg’s Cory Johnson, who considers that some facts were good while others weren’t that good. “[…] They showed a revival in sales. The company has seen a decline in sales in a quarter-over-quarter basis. And that wasn’t a good thing. March quarter going into June quarter, you thought maybe in the early parts of summer they would sell even fewer cars. But, in fact, Tesla Motors Inc (NASDAQ:TSLA) saw an increase in the number of cars sold. They sold about 1,200 more model S cars, and that meant a 17%…
The shares of GoPro Inc (NASDAQ:GPRO) started trading lower after hours yesterday, declining by 10% despite a better-than-expected second quarter earnings reported by the company. “The CFO Kurt Amundson said on the call that they expect a seasonally stronger second half of the year for GoPro Inc (NASDAQ:GPRO) with Q3 results above consensus, six to eight cents when it comes to earnings,” reported CNBC’s Seema Mody. GoPro Inc (NASDAQ:GPRO) reported second-quarter revenues of $244.6 million, indicating an increase of 38.1% year-over-year from $177.1 million in the previous year. “We delivered a strong quarter of operating results driven by increased demand…
Google Inc (NASDAQ:GOOGL), Whole Foods Market, Inc. (NASDAQ:WFM) and BlackBerry Ltd (NASDAQ:BBRY) are the three stocks that according to CNBC’s Fast Money Traders should be bought on the dip. Google Inc (NASDAQ:GOOGL) essentially has many things that are still alluring – for instance, its YouTube service – that are often overlooked by the investors and market players. “But also look at their acquisitions, Dropcam and Nest, all these little acquisitions. Then, Google Fiber and Google Wi-Fi that we have everywhere. Let’s go to their bread and butter: they still own just about 70% of search. So, when in doubt, stay…
Amazon.com Inc. (NASDAQ:AMZN), a giant online marketplace operator, moved more into hardware with the launch of Fire Phone Smartphone, which appears to be more of a shopping tool than a phone. CNN Money’s James O’Toole took a look at the device, and he thinks that Amazon may have missed a point or two in the introduction of Fire Phone. O’Toole admits that the device is cool enough to compete in the red-hot Smartphone market. Nonetheless, he thinks that the pricing of the device denies it the ability to effectively compete against Samsung Galaxy S5 or even Apple Inc (NASDAQ:AAPL)’s iPhone…
American Express Company (NYSE:AXP) net income grew by 9% in the second quarter as the company benefited from increased spending by its cardholders and also by setting aside less money to cater for potential credit losses. The company also benefited a great deal from a one-time related gain from its business travel related business that substantially bolstered earnings. Earnings beat Wall Street estimates although the 5% increase in revenue fell short of Wall Street estimates. Earnings per share growth of 13% in the quarter was also impressive, allowing the company to defend its position as a blue chip stock according…
On Bloomberg, experts including Michael Holland, chairman of Holland & Co., Bloomberg’s Cory Johnson and others, weighed in on the future Microsoft Corporation (NASDAQ:MSFT), especially under Satya Nadella, the insider who was appointed to lead the software giant company after the departure of Steve Ballmer. According to the experts, the most important thing for Microsoft Corporation (NASDAQ:MSFT) is that Nadella is displaying a different leadership style from his predecessor Ballmer. They said Nadella seems to be talking and acting at the same time unlike Ballmer, who did so much talking that he ended doing almost nothing to strengthen the company.…
Herbalife Ltd.’s (NYSE:HLF) stock has been one of the most volatile in the market after being mired with a stream of allegations about possible illegal dealings by billionaire Bill Ackman. The billionaire is also reported to hold one of the largest Short positions in the stock, demonstrating the bearish nature of the stock. Yesterday, the company’s Option Calls also experienced unusual activities in terms of traded volumes. Option volumes for the day were up two times, normal volumes with Puts outnumbering Calls on a 2:1 ratio. Option call trades also saw one of the traders placing September 67.50-strike calls up…
Microsoft Corporation (NASDAQ:MSFT) has come up boldly against the Federal Reserve’s demand to share customers’ emails stored in the company’s data centers, located outside of the U.S. A Bloomberg report throws light on how Microsoft’s Corporate Counsel Brad Smith has straightforwardly opposed the idea through his statement published in the Wall Street Journal, He said: “Microsoft Corporation (NASDAQ:MSFT) believes you own emails stored in cloud, with the same protection as paper letters. This means the government must have a warrant […] a warrant cannot reach beyond US shores, and we store emails in Ireland.” The remarks from Smith are published…
Amazon.com, Inc. (NASDAQ:AMZN) launching a smartphone in the name of Fire Phone, was not a surprise to many, but the fact that it was priced to compete with the likes of iPhone 5S and Galaxy S5 arose lots of concerns in the already competitive smartphone space. Fire Phone could only compete on the same level had it incorporated extraordinary features yet to be seen, on the already established brands in the market. AOL’s Ryan Block, in an interview on Bloomberg discussed about the sentiments of most of the analysts on Wall Street that the device is only doomed for failure at…