The US tech sector fell sharply during the month of May after U.S. regulators announced they would pursue antitrust action against large technology companies. The big FAMGA, specifically Facebook (ticker: FB), Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), and Amazon (AMZN) shares dropped off the cliff. Additionaly, Alphabet (Google’s parent company) is still unable to rise out of the valley as investors continue to worry about the large size of fines that Alphabet will have to pay, and the enormous impact it will have on its operating income.
The company was established by CEO Ari Emanuel in 1995, and
since then the company has made dozens of acquisitions, including merging with William
Morris Agency (WMA) in 2009 and acquiring IMG in 2014 to form this global
leading entertainment agency Endeavor.
Take the good news first: Apple (AAPL) is starting to move beyond its reliance on smart phones and shifting into longer-lasting businesses. Revenue from services and wearables both rose more than expected, while record buybacks helped lift per-share earnings.
Uber, the ride-sharing giant finally filed for its long-awaited IPO. Highlights Monthly active users reached 91 million. Average user takes 5.5 trips in a month.… 阅读更多 »The ride-sharing giant, Uber finally filed for its long-awaited IPO