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Fly News Breaks for February 11, 2020
Feb 11, 2020 | 06:42 EDT
Pivotal Research analyst Michael Levine downgraded Facebook (FB) to Sell from Hold with a price target of $180, down from $215. The shares closed Monday up 73c to $213.06. As much as investors have usually downplayed Facebook's financial guidance as "perennial sandbagging," it certainly was not in the U.S. in Q4, Levine tells investors in a research note. The analyst says he would be surprised if the company's U.S. business does not continue to decelerate as he believes management is doing a good job explaining what they think is happening as it pertains to their outlook. Levine sees three risks that could cause Facebook shares to fall below his price target: regulatory, a revenues miss/guide lower, and a native direct-to-consumer advertising "implosion." Additionally, he notes that when Facebook missed expectations in early 2018, the stock troughed at 15 times 2019 estimated earnings. Investors will be much better served buying Alphabet (GOOG) and (AMZN), as overhangs are likely to persist with Facebook, contends Levine.
News For FB;GOOG;GOOGL;AMZN From the Last 2 Days
Sep 22, 2021 | 10:57 EDT
Baird analyst Colin Sebastian tells investors in a research note that the company's updated IDFA commentary is largely consistent with the firm's prior industry checks, and continues to believe there may be upside vs. Street estimates for Facebook in the near-term due to privacy headwinds. The analyst made no change to his Outperform rating or $390 price target.
Sep 22, 2021 | 09:06 EDT
General Motors (GM) and Amazon (AMZN) announced plans to introduce the OnStar Guardian skill for Amazon Alexa, a new feature that will provide a voice-enabled connection to Emergency-Certified OnStar Advisors at home through compatible Alexa-enabled devices. "The OnStar Guardian skill for Amazon Alexa is part of the OnStar Guardian platform, which aims to help keep people safe no matter where they are located. When the OnStar Guardian skill for Amazon Alexa is enabled on compatible, in-home Alexa devices, household members can reach OnStar Emergency-Certified Advisors by saying, 'Alexa, call for help,' during crisis situations, such as house fires, medical emergencies, break-ins and more," GM stated. The OnStar Guardian skill for Amazon Alexa will initially be available to select OnStar members, with the intent to broadly roll out the service, beginning in 2022, to anyone in the United States with a compatible, in-home Alexa-enabled device, such as an Echo, Echo Dot or Echo Show. Initial OnStar members will receive more details about how to sign up for the OnStar Guardian skill for Amazon Alexa via email, the company stated. Reference Link
Sep 22, 2021 | 12:30 EDT
"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: This... To see the rest of the story go to See Story Here
Sep 22, 2021 | 06:37 EDT
Amazon's planned department stores will focus on boosting the sales of its apparel by offering the chance for consumers to try on clothes from Amazon's private-label brands in high-technology dressing rooms, Sebastian Herrera and Khadeeja Safdar of The Wall Street Journal report, citing people familiar with the matter. Amazon is using the department stores to improve brand recognition as well as attempting to address the irritations that are associated with both online and brick-and-mortar clothes shopping, the sources told the Journal. One idea is to have customers scan QR codes of items they want to try on and for associates at the stores to then gather the items and place them in fitting rooms, the Journal's sources added. The first department stores, which could open next year, are slated to open near San Francisco and Columbus, Ohio. Reference Link
Sep 21, 2021 | 10:25 EDT
Amazon introduced the all-new Kindle Paperwhite Kids, built from the ground up for kids ages 7 and up. The company said, "Purpose-built for reading books with zero distractions-no games, ads, or video-the first-ever waterproof Kindle for kids comes with an adjustable warm light, a compact design, a glare-free display, and up to a 10-week battery life." It also includes a one-year subscription to Amazon Kids+ with access to thousands of books, a kid-friendly cover, and a 2-year worry-free guarantee-all for only $159.99. Customers can learn more at Amazon also announced the all-new Kindle Paperwhite and the first-ever Kindle Paperwhite Signature Edition.
Sep 21, 2021 | 10:13 EDT
Amazon announced the next generation of Kindle Paperwhite with three new models: the all-new Kindle Paperwhite, the first-ever Kindle Paperwhite Signature Edition, and a brand-new Kindle Paperwhite Kids. The company said, "For years, Kindle Paperwhite has been the most popular Kindle, and the new generation combines premium hardware, faster performance, and a redesigned user interface for a more enjoyable reading experience." Starting at just $139.99, Kindle Paperwhite comes with a larger display, a new adjustable warm light, and increased battery life, while the new Signature Edition adds an auto-adjusting light sensor and is the first-ever Kindle to offer wireless charging. Kindle Paperwhite and Kindle Paperwhite Signature Edition pre-orders start today and will start shipping October 27.
Sep 21, 2021 | 10:06 EDT
The Subcommittee on Competition Policy, Antitrust & Consumer Rights holds a hearing entitled, "Big Data, Big Questions: Implications for Competition & Consumers" with Sheila Colclasure , Global Chief Digital Responsibility & Public Policy Officer at IPG Kinesso, Steve Satterfield, Vice President of Privacy & Public Policy at Facebook and Markham Erickson, Vice President of Government Affairs & Public Policy at Google on September 21 at 2:30 pm. Webcast Link
Sep 21, 2021 | 09:48 EDT
In a company blog post, Amazon said, "In June 2021, we announced that Amazon would exclude marijuana from our comprehensive pre-employment drug screening program for unregulated positions. We also reinstated the employment eligibility for former employees and applicants who were previously terminated or deferred during random or pre-employment marijuana screenings. We made these changes for a few reasons. First, we recognized that an increasing number of states are moving to some level of cannabis legalization-making it difficult to implement an equitable, consistent, and national pre-employment marijuana testing program. Second, publicly available national data indicates that pre-employment marijuana testing disproportionately impacts people of color and acts as a barrier to employment. And third, Amazon's pace of growth means that we are always looking to hire great new team members, and we've found that eliminating pre-employment testing for cannabis allows us to expand our applicant pool. Given our previous support for legalizing cannabis at the federal level, as well as expunging certain criminal records and investing in impacted businesses and communities, Amazon recently announced our support for, and began actively lobbying on, the Marijuana Opportunity Reinvestment and Expungement Act of 2021. We are also pleased to endorse the recently introduced Cannabis Administration and Opportunity Act; read our comments on that legislation. Pre-employment marijuana testing has disproportionately affected communities of color by stalling job placement and, by extension, economic growth, and we believe this inequitable treatment is unacceptable. As we shared earlier this year, we aim to become Earth's Best Employer, and as part of that journey, we know that our local communities and future generations need us to be better every day-thus the creation of our new Leadership Principle, Success and Scale Bring Broad Responsibility. Together, these principles speak to our responsibility to effect change and are our impetus for both driving for societal change and maintaining the right internal policies to ensure a great workplace with equitable and consistent hiring practices for all candidates. That's why we strongly believe the time has come to reform the nation's cannabis policy, and we are committed to helping lead the effort." Publicly traded companies in the space include Aurora Cannabis (ACB), CV Sciences (CVSI), CannTrust Holdings (CNTTF), Canopy Growth (CGC), Cronos Group (CRON), General Cannabis (CANN), Goodness Growth (GDNSF), Green Thumb Industries (GTBIF), India Globalization Capital (IGC), Tilray (TLRY), Trulieve Cannabis (TCNNF) and Zynerba (ZYNE). Reference Link
Sep 21, 2021 | 09:27 EDT
Shares of Helbiz (HLBZ) are soaring after the company announced an agreement between Helbiz Media, its media arm and distributor of the Serie B media rights, and Amazon Italy, to broadcast Helbiz Live contents and the entire Italian Serie B Championship on all devices and TVs equipped with Amazon Prime Video Channels throughout Italy. Helbiz Live will be available for subscribers to stream on Amazon Prime Video Channels in the coming weeks, the company said in a statement. Shares of Helbiz are up 150%, or $21.48, to $35.84 in premarket trading.
Sep 21, 2021 | 08:43 EDT
Helbiz (HLBZ), a global leader in micro-mobility and the first in its industry to be publicly listed on Nasdaq, announced an agreement between Helbiz Media, the Company's media arm and exclusive distributor of the Serie B media rights worldwide, and Amazon (AMZN) Italy, to broadcast Helbiz Live contents and the entire Italian Serie B Championship on all devices and TVs equipped with Amazon Prime Video Channels throughout Italy. Helbiz Live is an OTT service that leverages cutting-edge technologies and consolidated infrastructures to guarantee the highest quality standards when streaming live across smartphones, tablets, computers and televisions. With a monthly subscription to Helbiz Live, Serie B fans in Italy can stream all regular season matches and playoff games on devices with Amazon Prime Video. The agreement also includes the broadcast rights of the next 2021/2022, 2022/2023 and 2023/2024 Serie B Championship seasons. Partnering with Amazon Italy expands the Helbiz Live service in Italy and provides wider viewership access for Serie B Championship fans. Helbiz Live will be available for subscribers to stream on Amazon Prime Video Channels in the coming weeks.
Sep 21, 2021 | 16:29 EDT
Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly. 1... To see the rest of the story go to See Story Here