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Fly News Breaks for February 4, 2020
GOOG, GOOGL
Feb 4, 2020 | 08:16 EDT
Morgan Stanley analyst Brian Nowak said Alphabet's new segment disclosure reveals that global search revenue was about 6% larger he than expected in 2019, while YouTube's $15B of 2019 revenue was about 30% smaller than he expected, though it is growing about 300 basis points faster year-over-year than he estimated. Google Cloud "is what we thought it was," with $9B of annual revenue and 50% year-over-year growth. The new segment disclosure gives better insight into the company's main growth drivers, but his thesis remains that Alphabet's ability to innovate and drive engagement across its nine products with 1B plus users are key to driving long-term value. Nowak keeps an Overweight rating on Alphabet with a $1,560 price target on the shares.
News For GOOGL;GOOG From the Last 2 Days
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
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
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