AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Recent Updates from 5 US Listed Tech Stocks:
Facebook:
Facebook is a social media site that was founded in the year 2004 with a mission to bring the world closer together. On an average, the company had a daily active user base of 1.59 billion in June 2019, while its monthly active user base reached 2.41 billion at the end of June 2019. Every day on an average, over 2.1 billion people are active on its services including Facebook, Instagram, WhatsApp or Messenger.
Recent Updates:
- Facebook, on 16 September 2019, removed access for various pages and groups, in addition to accounts, that had involvement in coordinated inauthentic actions on Facebook as well as Instagram. The company identified 2 separate operations that had no connection and their origin was in Iraq and Ukraine. The company is constantly working to locate and address such activities in order to ensure that people are not manipulated via its services.
- On 5 September 2019, Facebook rolled out Facebook Dating in the US, enabling users to integrate their Instagram posts to their Facebook Dating profile. As a result, giving the users the ability to add followers on Instagram to their secret crush lists.
Apple Inc.
Apple Inc. is a US-based multinational technology company, which is into the business of designing, developing and selling consumer electronics and computer software. Additionally, the company is engaged in offering online services.
Recent Updates:
- Recently, the company launched dual camera iPhone 11, which features the fastest and most powerful chip ever made available in a smartphone. It has a dual camera system and a longer battery life. The phone is available in six different colours.
3. On 16 September 2019, Apple announced that it would be launching Apple Arcade on the App Store on 19 September 2019, enabling players to get access to various games that have been years in the making. Some of the games that players across the globe would get access to are âThe Enchanted Worldâ, âPatternedâ, and âOverlandâ.
Amazon
Multinational technology company, Amazon is guided by 4 principles:
- Customer obsession instead of focusing on competitors
- Passion for invention
- Commitment to operational excellence
- Long-term thinking
Recent Updates:
- On 16 September 2019, Amazon announced an expansion to Chicago Tech Hub, including addition to over 70,000 square feet to its office in downtown Chicago. The company intends to hire 400 new people in tech fields covering cloud computing as well as advertising and business development.
- On 12 September 2019, Amazon rolled out Amazon Music for Brazil, allowing users to access songs, playlists and stations ad-free.
- Additionally, the company made an announcement that its Regional Air Hub at the Fort Worth Alliance Airport would open in October 2019, which is designed to support larger scale regional needs of cargo airline, Amazon Air. It would aid needs like sortation potential along with infrastructure to handle numerous flights on a daily basis. The company expects that through this facility, it would be able to create 300 new full-time job opportunities once the facility reaches its full capacity.
Netflix
Netflix is the leading internet entertainment service provider in the world and has more than 151 million paid members across 190 countries. TV series, documentaries and feature films in these 190 countries are available in a variety of genres as well as languages.
Recent Update:
Recently, Netflix bought the streaming rights for âSeinfield' from Sony Pictures Television. Netflix would be able to provide all 180 episodes to its U.S based subscribers along with its global subscribers, once the 5-year agreement becomes effective in 2021.
Internet-related services and products provider, Google aims to organise all the information across the world and make it accessible to all individuals.
Recent Update:
Google entered into a partnership with Telstra, under which the customers of Telstra would be able to make voice-activated calls on Google Nest devices.
Now, mobile customers would be able to synchronise mobile device contacts and connect their Telstra contact number to their Google account. This would enable them to make outbound calls via Google Nest devices such as Mini, Home, Home Max, or Hub for the next 1 year.
ASX Looking for More Tech Listings
On the Australian Stock Exchange, 70% of the companies listed are from the resources and financial sectors, while the percentage of technology companies listed on ASX is just over 2%.
As we all know, technology is the future and it seems that ASX is on a mission to get more tech stocks on board from the country as well as from overseas. The exchange intends to focus on getting investment-grade companies listed for creating greater diversity and plans to target small companies that are not able to get themselves listed on the NASDAQ. In fact, its major focus is on younger tech companies.
Not only the US technology stocks, ASX also intends to attract technology stocks from counties like Israel, New Zealand, Singapore and Ireland. The stock exchangeâs mission clearly reflects its ambition of becoming a late-stage venture capital funding market.
Earlier in 2019, some companies headquartered in the United States got themselves listed on the ASX, with one being Life360 Inc. (ASX:360), which is in the business of providing a location-based services application. Recently on 30 July 2019, another US-based company Sezzle Inc. (ASX:SZL) got listed on ASX. SZL is a payments technology company with its major clients being younger consumers, quite same as Melbourne-based Afterpay Touch Group Limited (ASX: APT).
Disclaimer
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.
