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Fly News Breaks for January 27, 2020
AMZN, GOOGL, GOOG, ATVI
Jan 27, 2020 | 07:26 EDT
KeyBanc analyst Tyler Parker notes that Activision Blizzard (ATVI) and Google (GOOG) announced a multi-year strategic partnership in which Google Cloud will provide Activision's game hosting infrastructure and YouTube will be its exclusive streaming partner worldwide for live broadcasts and esports events. The relationship largely replaces a previous relationship with Amazon's (AMZN) Twitch and AWS services, which the analyst believes is largely a neutral development. Google Cloud should be "an excellent partner" for Activision's infrastructure needs, and while YouTube is a distant second to Twitch in terms of aggregate live viewership, the service is more than capable of delivering large audiences for quality content like the Overwatch League, he contends.
News For ATVI;GOOG;GOOGL;AMZN From the Last 2 Days
AMZN
Oct 28, 2020 | 19:22 EDT
Germany's Federal Cartel Office has launched a probe into Amazon (AMZN) and Apple (AAPL) over potentially anticompetitive behavior, Reuters' Arno Schuetze reports, citing German daily Frankfurter Allgemeine Zeitung. The German antitrust authority is investigating whether Amazon banning certain third-party traders on its platform from offering certain branded products complies with the country's laws on the matter, Schuetze says. Reference Link
GOOGL, GOOG
Oct 28, 2020 | 17:14 EDT
Stocks were sharply lower from the outset of trading with very few signs of any inclination to buy the dip as new lockdown measures in Europe, and worries about the impending election in the U. S... To see the rest of the story go to thefly.com. See Story Here
GOOGL, GOOG
Oct 28, 2020 | 15:55 EDT
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. FACEBOOK, TWITTER ADDRESS... To see the rest of the story go to thefly.com. See Story Here
GOOG
Oct 28, 2020 | 13:32 EDT
Apple (AAPL) has tweaked its latest version of the iPhone operating system, iOS 14 to show its own in-house search results, "and link directly to websites when users type queries from its home screen," wrote Tim Bradshaw and Patrick McGee of the Financial Times. With this barely noticeable change in iOS 14 Apple has stepped up its "efforts to develop its own search technology as US antitrust authorities threaten multibillion-dollar payments that Google (GOOG) makes to secure prime placement of its engine on the iPhone," added the FT story. "When the US Department of Justice launched a case last week, over payments that Google makes to Apple to be the iPhone's default search tool, urgency was added to the initiative," said the Financial Times. Reference Link
AMZN
Oct 28, 2020 | 12:32 EDT
Amazon said that customers in Sweden can start shopping on Amazon.se today. Customers can shop from thousands of European and local Swedish businesses on Amazon.se. "We are thrilled to launch Amazon.se and to be able to offer Swedish customers a selection of more than 150 million products, including tens of thousands of products from local Swedish businesses," said Alex Ootes, Vice President, European Expansion for Amazon. "Today is only the start of Amazon.se. We will continue to work hard to earn the trust of Swedish customers by growing our product range, ensuring low prices, and providing a convenient and trusted shopping experience." Reference Link
AMZN
Oct 27, 2020 | 16:45 EDT
Amazon announced plans to open its first fulfillment center in the state of Nebraska in Papillion. The site, which is anticipated to launch in 2021, will create 1,000 full-time jobs with industry leading pay and comprehensive benefits starting on day one, the company said. Employees will work alongside Amazon robotics to pick, pack and ship small items to customers such as books, electronics and toys.
GOOGL, GOOG
Oct 27, 2020 | 12:45 EDT
CD Projekt (OTGLY) said in a statement posted to Twitter that its upcoming game "Cyberpunk 2077," which is set to come out on PC, Google Stadia (GOOG), Xbox One (MSFT), PlayStation 4 (SNE), Xbox Series X, and PlayStation 5, has been delayed by 21 days, with December 10 becoming its new release date. "The biggest challenge for us right now is shipping the game on current-gen, next-gen, and PC at the same time, which requires us to prepare and test 9 versions of it (Xbox One/X, compatibility on Xbox Series S/X, PS4/Pro, compatibility on PS5, PC, Stadia) while working from home," the company said. "Since Cyberpunk 2077 evolved towards almost being a next-gen title somewhere along the way, we need to make sure everything works well and every version runs smoothly. We're aware it might seem unrealistic when someone says that 21 days can make any difference in such a massive and complex game, but they really do." Reference Link
GOOGL, GOOG, AMZN, ATVI
Oct 27, 2020 | 12:31 EDT
For this week's edition of "Game On," The Fly spoke with Jefferies analyst Alex Giaimo in an exclusive interview on a variety of gaming subjects, including the upcoming earnings season for big publishers, cloud gaming, and more. NEW CONSOLES: Ahead... To see the rest of the story go to thefly.com. See Story Here
AMZN
Oct 27, 2020 | 07:24 EDT
Credit Suisse analyst Stephen Ju raised the firm's price target on Amazon.com to $3,700 from $3,680 ahead of quarterly results, while keeping an Outperform rating on the shares. The analyst notes that this is a unique point in Amazon's history where Prime Day also coincides with the Holidays. Ju believes consumers have remained under various forms of shelter-in-place for long enough for their increased online ordering behavior to become newfound habits. This potential change is most important for Amazon's groceries effort, as it remains the largest pool of offline dollars left for online adoption, he contends. As such, while he may get some tactical near-term rotation out of Amazon shares on fears of deceleration and multiple compression, the analyst believes the possibility for subsequent acceleration in 2022 will ultimately prove more important.
AMZN
Oct 27, 2020 | 06:40 EDT
Deutsche Bank analyst Lloyd Walmsley raised the firm's price target on Amazon.com to $4,050 from $4,000 and keeps a Buy rating on the shares ahead of the company's Q3 results. The analyst remains bullish on Amazon and looks for "elevated growth" to continue through the holiday season. Retail foot traffic remains depressed, more fulfillment center capacity is coming online, and the company benefits from significant owned last mile delivery capability, Walmsley tells investors in a research note.