Alphabet’s Venture Capital Unit Invests in Snapchat

CapitalG, the venture capital unit of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) invested in Snapchat, the popular virtual messaging company. Alphabet is yet to make an announcement regarding the Snapchat investment. Market observers are certain that CapitalG is now an investor in the virtual messaging company. The Snapchat logo is included in the investment portfolio section of CapitalG’s website. However, no additional details were provided about the investment. CapitalG was previously known as Google Capital. The name change happened this year after Google created Alphabet to become its parent holding company.…

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Alphabet Shares Spike on Q3 Earnings that Beat Estimates

Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG), the parent company of Google, reported Third-quarter financial results that surpassed the consensus estimates of Wall Street analysts. The company’s shares surged during the extended trading hours on Wednesday, around 5:23 p.m. in New York.  The GOOGL stock climbed nearly 0.81% to $824 per share and GOOG stock went up 1.17% to $804.62 per share. In a statement, Alphabet CFO Ruth Porat said, “We had a great third quarter, with 20% revenue growth year on year, and 23% on a constant currency basis. Mobile…

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Tesla Motors (TSLA) Q3 Earnings Top Estimates, Shares Soar

The stock price of Tesla Motors (NASDAQ: TSLA) surged during the extended trading hours after the electric car manufacturer reported third-quarter financial results that beat the estimates of Wall Street analysts. TSLA stock climbed more than 4% to $211.10 per share during the extended trading on Wednesday. Tesla Q3 financial results Tesla reported that its adjusted earnings were $111 million or $0.71 per share for the third quarter, higher than the $0.54 per share expected by analysts. The company’s total GAAP revenue was $2.3 billion, an increase of 152% from…

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Microsoft Approves $40 Billion Stock Buyback; Increases Dividend

Microsoft

The Board of Directors of Microsoft Corporation (NASDAQ: MSFT) approved another $40 billion stock buyback program and increased its quarterly dividend by 8% to $0.39 per share. According to the tech giant, it is on track to complete is existing $40 billion shares repurchase program by the end of this year. Its new shares repurchase program has no expiration date, and the Board may terminate it anytime. Microsoft is committed to returning capital to shareholders while it cash pile increases. The tech giant had $113.2 billion in cash and short-term…

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GoPro Promises Hollywood-Caliber Aerial Shots with Karma Drone Camera

GoPro Inc (NASDAQ: GPRO) unveiled its long-anticipated Karma drone along with new Hero5 camera models during an event, which was held near Lake Tahoe at Squaw Valley, California today, September 19. Nick Woodman, the company’s founder and CEO promised that GoPro Karma offers Hollywood-caliber aerial shots and an image-stabilization grip that can be handheld or mounted to vehicles, gear, and more. Mr. Woodman added that the GoPro Karma is easy to use, and a beginner could have fun with the drone right away. The drone features a compact design that…

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Salesforce.com Launches Einstein AI Platform

Salesforce.com (NYSE: CRM) launched an artificial intelligence (AI) platform called Salesforce Einstein on Sunday. The AI platform is integrated into some of the company’s cloud services such as Sales Cloud, Service Cloud, Marketing Cloud, Analytics Cloud, App Cloud, Commerce Cloud, Community Cloud, and IoT Cloud. John Ball, the general manager of Salesforce Einstein said the company aims to use AI tools to enhance its extensive portfolio of products. He said, “There is an absolute revolution occurring in artificial intelligence. This is democratizing AI so that every company can benefit from…

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Fox Files Lawsuit against Netflix for Poaching its Employees

Netflix Inc. (NASDAQ: NFLX) is facing a lawsuit filed by Twentieth Century Fox Film Corporation alleging that the online movie streaming company poached its employees. Fox claimed that Netflix’s poaching practice was illegal because it encouraged some of its executives to break their fixed-term employment contracts. The film studio and distributor emphasized the departure of its two executives in promotions and creative business for positions at Netflix. “We filed this lawsuit because we believe Netflix is defiantly flouting the law by soliciting and inducing employees to break their contracts. We…

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Samsung Unveils Gear S3 Smartwatches with Striking Designs

Samsung Electronics (KRX: 005930) unveiled its two new Gear S3 smartwatches with striking designs on Wednesday as it aims to strengthen its leadership in the wearable industry further. The South Korean electronics giant said it was inspired by traditional timepieces and the art of watchmaking in developing its new smartwatches. The company conducted intensive research and surveyed consumers, industry leaders, and watch experts before developing the Gear S3. Samsung introduced its new Gear S3 smartwatches before the opening of the 2016 IFA, the world’s largest trade show for consumer electronics…

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Twitter Co-founder Says Board Must Consider Right Options; Shares Jump

Twitter

The stock price of Twitter Inc (NASDAQ: TWTR) surged almost 6% today after co-founder Evan Williams said the company must consider the right options amid takeover speculations. During an interview with Emily Chang on Bloomberg TV, Evans declined to comment when asked if he sees Twitter remaining as an independent company. However, he said, “We are in a strong position right now. I think as a board member; we have to consider the right options.” The next acquisition target Market observers have been suggesting that Twitter is the next acquisition…

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