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Fly News Breaks for July 9, 2018
Jul 9, 2018 | 07:56 EDT
DA Davidson analyst Tom Forte kept his Buy rating and $8 price target on Groupon following speculation by Recode over the weekend that the company is looking to sell itself. Forte recommends that investors purchase shares, stating that the market is underpricing Groupon as its "North American business has never been in better shape and its international operations are well positioned". In a bull case, the analyst contends that Groupon could be worth $12 per share if it can improve its growth rate or find a strategic buyer where a deal would value the two companies higher than the sum of their parts. Forte speculates about Priceline (PCLN), Alibaba (BABA), Google (GOOGL), and Facebook (FB) as potential acquirers for Groupon.
News For GRPN;PCLN;BABA;GOOGL;FB From the Last 2 Days
Feb 21, 2020 | 16:11 EDT
The S&P 500 ended down for the holiday-shortened week, as did the other major averages, amid renewed concerns around the coronavirus as the number of confirmed cases has risen outside of China, including a spike seen in South Korea over the last two days. Apple (AAPL) headlined... To see the rest of the story go to See Story Here
Feb 21, 2020 | 14:58 EST
The Department of Justice has contacted at least one outside law firm to work on its antitrust probe of the large U.S. technology companies, Bloomberg reports. The search could signal preparation of a lawsuit, says Bloomberg, who notes that Google (GOOG, GOOGL) and Facebook (FB) are under an antitrust inquiry.
Feb 21, 2020 | 10:40 EST
Shopify (SHOP) stated in an announcement posted on its corporate site: "As online commerce becomes increasingly borderless, it's easy to forget that payments and the value exchange of goods are not a solved problem everywhere. Much of the world's financial infrastructure was not built to handle the scale and needs of internet commerce. Our mission is to make commerce better for everyone and to do that, we spend a lot of our time thinking about how to make commerce better in parts of the world where money and banking could be far better. That's why we decided to become a member of the Libra Association. This is one step, but not the only step we'll be taking to be a part of the solution to this global problem. As a member of the Libra Association, we will work collectively to build a payment network that makes money easier to access and supports merchants and consumers everywhere." The Libra Association was started by Facebook (FB), which has said the Association is independent and not controlled by the company. Reference Link