Like its other telco rivals, Telstra operates in an ultra-competitive market with thinning margins and high-capital infrastructure spend. With competitors – including Optus, TPG Telecom Ltd (ASX: TPM) and Vodafone – spending big on new technology and aggressively pursuing new users and as clients become more choosy when it comes to their telco providers, Telstra faces a lot of challenges on several fronts.
That was the big news last week when the social media giant reported disappointing results. But a few weeks before that Facebook was one of the market’s darling stocks. It is part of what is called the
FANGs– Facebook, Apple Inc (NASDAQ: AAPL), Netflix Inc (NASDAQ: NFLX) and Google (owned by Alphabet Inc). It is a formidable group of companies that have led the US stock markets higher over the past several years.