CNBC’s Jim Cramer said Wednesday he likes what he read in a rare, bullish analyst note on Snap. Shares of the Snaphcat-parent were sharply higher early Wednesday after Credit Suisse raised its price target for year-end 2018 from $17 to $20 per share. Based on Snap’s closing price Tuesday of $14.34 per share, a move […]
Read moreCredit Suisse analyst raises price forecasts for Alphabet and Facebook to the highest on Wall Street
Investors should continue to own mega-cap internet stocks even after their big runs this year, according to a one Wall Street firm. Credit Suisse reaffirmed its outperform ratings and raised its price targets for both Alphabet and Facebook to the highest on Wall Street, citing increasing ad spending for the internet giants. “Our conversations with […]
Read moreOutspoken venture capitalist Chamath Palihapitiya said that there has to be regulation to deal with the unintended consequences of technological disruption. In an interview at the recent Black Enterprise TechConnext event, Palihapitiya told CNBC’s Jon Fortt that until now disruptive tech companies have not grappled with their effect on the “disrupted” industries, and phenomena like […]
Read moreFor those Democrats waiting for some evidence that will prove the Russians stole the 2016 presidential election, it’s not much but better than nothing: The revelations that Russian agents ran hundreds of fake Facebook accounts trafficking divisive stories as well as similar activity on other platforms such as Google and LinkedIn give us some idea […]
Read moreMark Zuckerberg has apologized for showcasing Facebook‘s virtual reality capability with a tour of hurricane-ravaged Puerto Rico. The Facebook founder and another executive discussed the platform’s virtual reality project through avatars in a video recorded live Monday. The video begins with the avatars pictured on the roof of Facebook’s Mountain View, California, headquarters before heading […]
Read moreGoing to college may not be cheap, but now you can at least skim a few bucks off your Amazon Prime subscription. For college students not willing to commit to a full year of Amazon Prime, the company announced Wednesday a new $5.49 monthly payment option called Amazon Prime Student. Current college attendees with a […]
Read moreApple CEO Tim Cook said that it will be a while before the technology available for augmented reality glasses rises to Apple’s standards, according to British Vogue. Cook — who visited Europe to meet with the French president and open an entrepreneurship lab at Oxford — talked to Vogue about the intersection of fashion and […]
Read moreThe Taiwan Fair Trade Commission said on Wednesday it will fine U.S. chipmaker Qualcomm T$23.4 billion ($774.14 million) for anti-trust violations of its chip technology. The Commission said in a Chinese-language statement that Qualcomm had a monopoly over the CDMA, WCDMA and LTE chip market and refused to license its technology to other industry players. […]
Read moreAmazon is making it easier for the family’s youngest shoppers to click through to Checkout with new parental control settings announced Wednesday. Teens between the ages of 13 and 17 can now create unique logins, linked to a household account, and place orders through the Amazon App to be approved by mom or dad. Parents […]
Read moreBrandless wants to do to beauty what it’s already done to crunchy peanut butter, tree-free toilet paper and porcelain mugs. “The typical family around the country is spending a lot of money on [beauty items],” co-founder Ido Leffler told CNBC. “If we can help alleviate the cost … I feel like we can make that […]
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