Amazon will continue to draw investor demand this year, despite making record-level investments, Morgan Stanley wrote in a note published Friday. The investment bank didn’t change its $1,250 price target for Amazon, but reiterated its prediction of $2,000 per share — or roughly a $1 trillion market cap — under its “bull case” scenario. It […]
Read moreInvestors bid Twitter shares higher Friday after Facebook said it would limit the number of news items it shows to its users. Twitter surged as much as 5 percent on heavier-than-usual volume as some bet that the move by its larger rival could open an opportunity for Twitter to sell more advertising. “This is the […]
Read moreHow much would you pay to have a robot fold your laundry? California-based robotics start-up FoldiMate hopes the answer to that question is about $1,000. FoldiMate is building a home assistant robotics machine to fold laundry. The start-up showcased a prototype at the Consumer Electronics Show in Las Vegas this week, but the final product […]
Read moreChanges at Facebook will only cause short-lived pain for the company, Wall Street analysts said on Friday — even though traders were dumping shares. Shares of Facebook dropped more than 4 percent on Friday on the heels of an announcement from CEO Mark Zuckerberg. Facebook’s newsfeed will continue to shift toward favoring content from people, […]
Read moreEven as executives from Google and Facebook prepare to testify in front of the Senate on how they’re combating extremist content, the internet giants are struggling to keep it off their sites. Dozens of accounts on sites owned by those two companies have been used this week to promote violent attacks and recruit people to […]
Read moreFans flood arenas wearing their team jerseys. They rush to events in search of players’ autographs. But these “athletes” they’re flocking to see, who spend hours in scrimmages honing their skills, are not football or basketball players — they’re gamers. Competitive video game playing, more commonly known as esports, drew 258 million unique viewers globally […]
Read moreCES 2018 wraps up on Friday and if there’s one takeaway, it has drastically changed in its focus in recent years. If I’m remembering correctly, this was my 10th time attending the annual tech show in Las Vegas. A lot has changed since I first set foot on the show floor as a cub reporter […]
Read moreGameStop stock dropped 11 percent in trading Friday after the company announced it expects impairment charges of between $350 million to $400 million at the end of the fourth quarter. The added costs are largely from people holding onto smartphones longer and not upgrading to new models, GameStop said, which saw sales from its technology […]
Read moreInvestor money gushed into stock-based funds during the first full week of trading in 2018, another potential trigger sign of an overheated market. “The bull capitulation begins,” Michael Hartnett, chief investment strategist at Bank of America, said in his weekly fund flow roundup. The numbers were stunning for a week during which stocks added around […]
Read moreHow you use Facebook affects how you feel. So says Mark Zuckerberg, the billionaire tech titan who founded the social media behemoth. When you use Facebook to talk to your friends and family, you feel better, says Zuckerberg, but when you use it to scroll through videos and posts passively, you don’t, necessarily. “The research […]
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