Markets

Google parent Alphabet spikes 7% after smashing 4th-quarter expectations on digital ad sales during the holiday shopping quarter

Google parent Alphabet rose 7% after posting strong Q4 earnings that beat Wall Street expectations. The company’s fourth-quarter revenue rose 23% to $US46.43 million, driven by strong advertising growth. Alphabet revealed results from Google’s cloud business for the first time ever. Sign up here for our daily newsletter, 10 Things […]
Google parent Alphabet spikes 7% after smashing 4th-quarter expectations on digital ad sales during the holiday shopping quarter
Markets

Billionaire investor Stanley Druckenmiller slashed FANG stocks and loaded up on companies hit by the pandemic last quarter — here are his top 10 holdings

Stanley Druckenmilller, the billionaire investor and head of Duquesne Family Office, boosted the size of his portfolio by more than 30% in the second quarter. Druckenmiller slashed holdings of big technology stocks such as Facebook,Amazon,Netflix, and Google parent Alphabet (FANG) in the second quarter, SEC filings show. Here are Druckenmiller’s […]
Billionaire investor Stanley Druckenmiller slashed FANG stocks and loaded up on companies hit by the pandemic last quarter — here are his top 10 holdings
Markets

FANG stocks shed $177 billion in just two days as coronavirus fears roil markets

Popular technology stocks have not been immune to market panic around a potential coronavirus pandemic. FANG stocks, including Facebook, Amazon,Netflix, and Google parent company Alphabet, shed a combined $US177 billion in market capitalisation in just two days as coronavirus fears slammed global markets. Each of the tech giants fell for […]
FANG stocks shed $177 billion in just two days as coronavirus fears roil markets
Markets

Here’s why one analyst thinks YouTube could be worth $300 billion as a standalone company, making it more valuable than AT&T, Exxon Mobil, and Bank of America

Alphabet-owned YouTube could be worth as much as $US300 billion if it were a standalone company, according to Needham & Company analyst Laura Martin. That figure would make the video-sharing platform the 15th largest company in the world by market capitalisation ahead of Exxon Mobil, Bank of America, and AT&T. […]
Here’s why one analyst thinks YouTube could be worth $300 billion as a standalone company, making it more valuable than AT&T, Exxon Mobil, and Bank of America
Markets

A mounting ‘techlash’ is hurting Alphabet’s profits, and one analyst says spinning off YouTube could be the answer

Google parent Alphabet reported third-quarter profits that missed Wall Street estimates on Monday. Some analysts expect the tech conglomerate’s earnings to suffer going forward as it continues to invest to grow its business. As a mounting “techlash” and heightened regulatory scrutiny eat away at Alphabet’s margins, selling off YouTube could […]
A mounting ‘techlash’ is hurting Alphabet’s profits, and one analyst says spinning off YouTube could be the answer