Amazon.com, Inc. (NASDAQ:AMZN)’s newly-launched Echo is just a fancy speaker with artificial intelligence, Cadie Thompson of CNBC.com said in a report. Amazon.com, Inc. (NASDAQ:AMZN) launched Echo without the usual fanfare of its product launches. “There wasn’t a lot of hype surrounding the event. Amazon rolled out the news on its website followed by a tweet – so no formal announcement, no big event with their Fire Phone. Instead, they took a much quieter approach,” Thompson said. However, it does not seem that Thompson is not all that impressed with the device. “Basically, what Echo is is a fancy speaker that…
Author: Solon Harmony B. Dolor
Alibaba Group Holding Ltd (NYSE:BABA)’s first ever quarterly performance report was the kind of earnings call an American company would make, Jim Cramer said in a discussion on CNBC’s Markets Now. Alibaba Group Holding Ltd (NYSE:BABA) reported a revenue of $2.74 billion, up 54%, and merchandize volume of $90.53 billion across all of its properties making the company the largest electronic commerce firm in the world in terms of volume, bar none. “It was a fabulous conference call. My friend Jane Penner [Alibaba head of investor relations] who used to work with me at the Street, knows exactly how to…
People should expect Alibaba Group Holding Ltd (NYSE:BABA) to post a “solid” July-September quarter, Santosh Rao said in a discussion on CNBC. The comment from the Head of Research at Manhattan Venture Partners comes as the Chinese electronic commerce giant will shortly reveal its first quarterly performance report since it debuted on the New York Stock Exchange (NYSE). “We’re expecting a solid beat this quarter. It’s coming in with good momentum. It’s an e-commerce juggernaut, as you know. […] All the basic fundamentals are solid. The consumption is strong. All the basic demand factors are strong,” Rao said. According to…
The recent rise of Yahoo! Inc. (NASDAQ:YHOO)’s stock price is not only an effect of the rise of Alibaba Group Holding Ltd (NYSE:BABA)’s share price, it has more to do with the company revealing a tax-efficient method of divesting its interests in other companies, John Jannarone said in a report on CNBC.Yahoo! Inc. (NASDAQ:YHOO) has had more than its fair share of interest especially before the initial public offering of the Alibaba Group at the New York Stock Exchange (NYSE). Investors bought shares of the internet veteran, consequently driving up its price, as a way to gain exposure to the…
Apple Inc. (NASDAQ:AAPL)’s chief executive, Tim Cook, should prioritize the welfare of workers in China making its products, Ralph Nader said in a discussion on Fox Business Network.The comment made about the strategy of the Apple Inc. (NASDAQ:AAPL) boss regarding his company’s massive trove of cash comes after Nader wrote an open letter urging the company to not prioritize stock buybacks. “I wrote Tim Cook to say: ‘Look, of all the ways you can use $130 billion, the least productive is to buy back the shares. [It’s] far better to either give the money back in cash [or] dividend to…
Amazon.com, Inc. (NASDAQ:AMZN) may be biting off more than it can chew. Jonathan Geller, founder of BGR.com, said in a discussion on CNBC that the company may be getting into more fields than it can handle.The comment was made after Amazon.com, Inc. (NASDAQ:AMZN) reported a third quarter performance that highlighted just how much the company is spending as it recorded a massive operating loss of $544 million, compared to a $25 million loss in the year-ago quarter, despite sales burgeoning to $20.6 billion, a 20% increase compared to the same quarter last year. “I just think that what they are…
Facebook Inc (NASDAQ:FB)’s co-founder and Chief Executive Officer Mark Zuckerberg is again making headlines. However, it’s not about his social networking company making a sizeable acquisition or tweaking its privacy policy and platform, it’s about the young billionaire speaking another language as can be seen on a report from Bloomberg. The Facebook Inc (NASDAQ:FB) boss is said to have delivered a speech and conducted a question and answer session entirely in Chinese and while he made some mistakes and had more than a few pauses while speaking, many people in the country praised the CEO for speaking in the country’s…
In the past 30 days, Tesla Motors Inc (NASDAQ:TSLA)’s stock may have slipped about 13% but it is still up about 50% for the year, Jonathan Marino said in a roundup on The Street of the stock’s price history and recent events connected to the company. The report about Tesla Motors Inc (NASDAQ:TSLA) was made by Marino as the company is expected to report its performance in the just-ended quarter in early November.According to Marino, Tesla Motors Inc (NASDAQ:TSLA) will also deliver updates about the awaited Model X during its quarterly performance report. The company has not laid out definitive…
Netflix, Inc. (NASDAQ:NFLX) may have no option but to be acquired by the likes of Alibaba Group Holding Ltd (NYSE:BABA) or Yahoo! Inc. (NASDAQ:YHOO), Porter Bibb, Mediatech Capital Partners managing partner, told Betty Liu in a discussion on Bloomberg’s Before The Bell. The comment about Netflix, Inc. (NASDAQ:NFLX), Alibaba Group Holding Ltd (NYSE:BABA) and Yahoo! Inc. (NASDAQ:YHOO) was made by the executive while he and Liu were discussing the repercussions of the entry of Home Box Office Inc. and CBS Corporation (NYSE:CBS) into the content streaming industry. “Netflix came down – it was 150 P/E two days ago, it’s 100…
Twitter Inc (NYSE:TWTR) could be implementing measures to stop harassment stemming from the #gamergate controversy but it’s inaction highlights the flaws of this powerful social media platform, Rob Pegoraro said in a column for Yahoo! Tech. Pegoraro’s column about Twitter Inc (NYSE:TWTR) comes about a couple of months after the #gamergate controversy was sparked and after several women, according to him, have been subjected to harassment through Twitter, among other places. In essence, Pegoraro writes that Twitter Inc (NYSE:TWTR) can be very effective in amplifying hate that an issue may bring forth. It is also very slow in acting against…
Despite slow subscriber growth, Netflix, Inc. (NASDAQ:NFLX) is going to be fine, Daniel Ernst of Hudson Square Research said in a discussion on CNBC. Ernst made the comment about Netflix, Inc. (NASDAQ:NFLX) after the company’s stock was pounded in after-hours trading as it reported lower-than-expected subscriber growth for the third quarter of the year. “I’m not going to pound the table today during a market meltdown when they missed subscriber growth. Subscriber growth is the key to the story but they are going to be fine. Subscriptions are up 33% year over year,” he said. Netflix, Inc. (NASDAQ:NFLX) lost more…
UBS AG (NYSE:UBS) pegs an upside scenario for Alibaba Group Holding Ltd (NYSE:BABA) to be at $136 per share, it was revealed in an interview with Eric Sheridan, managing director of UBS AG, on CNBC. The UBS AG (NYSE:UBS) executive was explaining why his company initiated coverage on Alibaba Group Holding Ltd (NYSE:BABA) with a Buy rating when he was asked why UBS sees the Chinese electronic commerce giant to possibly go to $136 per share. “[…] to the upside scenario, what we highlighted in the report is obviously faster-than-expected growth [and] continued strength in EBITDA margins. Alibaba is actually…