Tech stocks retreat over recent weeks and start what might become a quick recovery. Is it time to buy back in to FANNG stocks after the pullback? FANNG time again? Facebook, Amazon, Apple, Netflix and Google (other good tech companies available) – is it time to buy again? Well… ifRead More →
Alphabet, the parent company of Google, has reached $1 trillion market valuation. Alphabet is made up of the combined companies of Google and its subsidiaries and is listed on the Nasdaq. It now joins three other $1 trillion tech companies in the big tech club: Apple, Microsoft and Amazon. BigRead More →
Bitcoin bashed Bitcoin suffered last week falling more than 20% over a seven day stretch, touching a daily low of around $7735 on Friday – lowest level since June. Bitcoin closed Friday 27th at around $8060. Other digital currencies; ether and XRP, were also down on the week. Why the Bitcoin drop? I’mRead More →
U.S. Justice Department investigation The U.S. Justice Department has announced an investigation into large U.S. technology companies, examining whether they are unfairly restricting and stifling competition. The investigation will most likely look at the dominating power of tech’ giants such as: Google, Facebook, Apple and Amazon. Too big and tooRead More →
Facebook’s Libra cryptocurrency criticised at Senate hearing Facebook’s new cryptocurrency plan has come under attack at a U.S. Senate hearing. Politicians are calling the company ‘delusional’ and untrustworthy. The Senate officials had been grilling Facebook executive David Marcus over the tech giant’s intention to launch its own digital currency. FacebookRead More →
Facebook announces cryptocurrency contender, Libra. Main points Libra is due to launch early 2020 It will not be run by Facebook (according to Facebook). A new subsidiary company will be created, Calibra, enabling users to create digital wallets to buy, store and exchange the cryptocurrency. The name Libra originates fromRead More →