Tag: Online Service Providers

Finance

The SoftBank Experiment Has Failed. Time to Go Private?

08/13/2022
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Softbank CEO Masayoshi Son on $24 billion of new losses: “I am quite embarrassed and remorseful.” Str/Jiji Press/AFP/Getty Images Text size The stock market can be a humbling place—just ask Masayoshi ...

Finance

6 Software Stocks to Buy and 4 to Sell, According to an Analyst

08/12/2022
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What’s next for enterprise software stocks? That depends which ones you pick. Guggenheim Partners analyst John DiFucci launched coverage of the group late Thursday, with some thoughts on where to plac...

Finance

Why an analyst says sell these four big software stocks

08/12/2022
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Salesforce Inc.’s stock gets a lot of love on Wall Street, with 43 of the 49 covering analysts tracked by FactSet rating the shares the equivalent of buy. But Guggenheim analyst John DiFucci bucked th...

Finance

Elon Musk Sells Nearly $7 Billion Worth of Tesla Stock Amid Twitter Uncertainty

08/09/2022
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Elon Musk sold nearly $7 billion worth of Tesla stock in recent days, regulatory disclosures show, amid uncertainty over the fate of his $44 billion deal to buy Twitter Inc. Mr. Musk, Tesla’s chief ex...

Finance

Alphabet and 7 More Stocks Wall Street Loves That Aren’t Too Pricey

08/09/2022
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Ninety-four percent of the analysts who follow Alphabet, Google’s parent company, rate it at Buy. David Paul Morris/Bloomberg Text size Investors usually have to pay up to get high-quality stock...

Finance

Redbox Is About to Be Acquired. The Stock Remains Crazily Overvalued.

08/09/2022
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Text size Redbox was hurt by a bet that theater releases of films would surge in a postpandemic world. Dreamstime The end is near for Redbox , and some investors are about to take a substantial hit as...

Finance

Alibaba Says Primary Listing in Hong Kong Is Approved

08/09/2022
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Text size Alibaba said the effective date of converting its primary listing to Hong Kong is expected ‘prior to the end of 2022.’ Photograph by David Becker/Getty Images Alibaba , the Chine...

Finance

Judge in Twitter, Elon Musk Case Known for Quick Work

08/07/2022
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The judge who will decide whether Elon Musk should have to buy Twitter Inc. has a record of quickly deciding urgent cases over imperiled corporate deals and has ordered buyers to close deals they want...

Finance

Uber, Boeing, Warner Bros. Discovery: Stocks That Defined the Week

08/06/2022
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Finance

SoftBank Is Ready to Slash Its Massive Stake in Alibaba. Here’s Why.

08/06/2022
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Text size SoftBank’s Masayoshi Son was a major early investor in Alibaba. Koki Nagahama/Getty Images SoftBank is positioned to sharply sell down its stake in Chinese tech giant Alibaba through a...

Finance

Oracle Lays Off Hundreds of Employees

08/05/2022
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Oracle laid off hundreds of employees this week as the business software provider prioritizes its healthcare IT services and cloud businesses, according to people familiar with the company’s actions. ...

Finance

What a Buyback Tax Means for Apple, Meta, and Microsoft

08/05/2022
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Text size Arizona Democratic Sen. Kyrsten Sinema Drew Angerer/Getty Images Democratic party leaders struck a deal with moderate holdout vote Sen. Kyrsten Sinema, moving their climate and healthcare bi...

Finance

Twitter Stock Is Downgraded. Analyst Needs Just One Sentence to Explain Why.

08/05/2022
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Text size Twitter stock is downgraded given uncertainty over the company’s pending acquisition by Elon Musk. Justin Sullivan/Getty Images Twitter stock received another downgrade on Friday, fuel...

Finance

FuboTV shares rally 23% after company shows double-digit revenue growth

08/04/2022
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Shares of streaming platform FuboTV Inc. FUBO, +1.71% were trading higher in Thursday’s after-hours market, following the release of second-quarter financial results which showed the company’s North A...

Finance

Cathie Wood’s Ark Bought More Roku Stock. This Analyst Sees 24% Downside.

08/01/2022
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Text size Cathie Wood of ARK Invest has Roku as one of the biggest investments in her funds. Eva Marie Uzcategui/Bloomberg Roku’s earnings report last week sent shares into a free fall, but Cathie Woo...

Finance

Pinterest Stock Soars After Earnings Report

08/01/2022
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Text size Pinterest said Monday that the company was growing revenue despite a difficult environment for advertising. Justin Sullivan/Getty Images Pinterest stock was surging in extended trading Monda...

Finance

My boyfriend, 68, has almost no ‘mad money’ for fun activities and trips. He lives with his father, 95, and expects to inherit his house. Is it unreasonable to expect him to get a part-time job?

08/01/2022
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I am a 65-year-old retired woman with modest Social Security and annuity payments. I also own my own home and have savings. I’ve been seeing a 68-year-old retiree since just before the pandemic. He li...

Finance

What Stocks Are Moving Monday? Alibaba, Boeing, NIO and More.

08/01/2022
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Text size Alibaba stock rises early Monday. Greg Baker/AFP via Getty Images Stock futures were trading lower Monday as recession fears remained at the forefront of investors’ minds as a new trading mo...

Finance

Alibaba Stock Rises as E-Commerce Giant Resolves to Maintain U.S. Listing

08/01/2022
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Text size Alibaba faces renewed regulatory scrutiny in the U.S. from the Securities and Exchange Commission. Greg Baker/AFP via Getty Images Chinese tech giant Alibaba ’s stock price was on a roller c...

Finance

AMD, PayPal, Starbucks, Uber, Paramount, and Other Stocks to Watch This Week

08/01/2022
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It’s the peak stretch of second-quarter earnings season, with roughly 150 S&P 500 firms scheduled to report this week. The highlights on the economic calendar will be a pair of purchasing managers...

Finance

AMD, PayPal, Starbucks, Uber, Paramount, and Other Stocks for Investors to Watch This Week

07/31/2022
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It’s the peak stretch of second-quarter earnings season, with roughly 150 S&P 500 firms scheduled to report this week. The highlights on the economic calendar will be a pair of purchasing managers...

Finance

Starbucks, Uber, CVS to Report Earnings Amid Shrinking Economy

07/31/2022
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July 30, 2022 10:00 am ET Listen to article (2 minutes) CVS Health Starbucks and Uber Technologies are among the companies headlining another busy earnings week as investors look for signs of a recess...

Tech

Individual Investors Ramp Up Bets on Tech Stocks

07/31/2022
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Listen to article (2 minutes) Technology stocks have taken a beating this year. Many individual investors have used it as an opportunity to double down. The Nasdaq Composite Index—home to the big tech...

Tech

Opinion: Big Tech shows its good to be big, as growth slowdown leads to stock gains while smaller rivals find only pain

07/31/2022
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After super charged, double-digital growth during the pandemic, the results from the five biggest U.S. tech giants this week showed a slowdown as they grapple with inflation, looming recession and an ...

Finance

Elon Musk Files Response and Counterclaims to Twitter Lawsuit Over $44 Billion Deal

07/29/2022
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Updated July 29, 2022 6:29 pm ET Listen to article (1 minute) Elon Musk formally responded to Twitter lawsuit seeking to force him to go through with his $44 billion takeover of the social-media platf...

Finance

Alibaba Added to SEC Delisting Watchlist. One More Reason the Stock Is Slumping.

07/29/2022
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Text size Alibaba shares have slumped since the company said it would apply for a primary listing in Hong Kong. (Photo by GREG BAKER/AFP via Getty Images) Shares of Alibaba , the Chinese e-commerce gi...

Finance

Twitter v. Musk: Why the Court of Chancery Will Never Order Specific Performance.

07/29/2022
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Text size A court could compel Tesla chief executive Elon Musk to purchase Twitter, but could it compel him to operate it in the best interest of shareholders? Al Drago/Bloomberg About the author: Car...

Tech

Hedge Funds Aren’t Buying Big Tech. Secular Growth Stocks Are Hot Now.

07/29/2022
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Text size Hedge funds have a net short position in Apple stock, according to Jefferies. Nicholas Kamm / AFP via Getty Images Some of the big-money investment funds on Wall Street have been moving out ...

Finance

Rivian Was Responsible for Amazon’s Loss. The Market Was Ready This Time.

07/29/2022
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Text size Amazon’s loss was due almost entirely to the drop in Rivian stock. Courtesy of Rivian Amazon.com lost money in the second quarter of 2022. Rivian Automotive was the reason, again. Rivi...

Finance

Jack Ma Plans to Cede Control of Ant Group

07/28/2022
Bitcoin Ethereum News

HONG KONG—Billionaire Jack Ma plans to relinquish control of Ant Group Co., people familiar with the matter said, part of the fintech giant’s effort to move away from affiliate Alibaba Group Holding a...

Finance

Amazon Is Expected to Post Slim Profit as It Manages Slower Demand

07/28/2022
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Amazon Inc. is expected on Thursday to report a modest quarterly profit on a meager rise in sales, as the tech-and-retail company continues to work through the overhang from its breakneck growth durin...