Tag Archives: Watch
LONDON (Reuters) – Facebook is rolling out its Watch video service globally one year after it launched in the United States with original entertainment news and sports content to compete with platforms like Alphabet Inc’s YouTube.
FILE PHOTO: People are silhouetted as they pose with mobile devices in front of a screen projected with a Facebook logo, in this picture illustration October 29, 2014. REUTERS/Dado Ruvic/Illustration/File photo
Facebook’s Head of Video Fidji Simo said Watch was gaining real momentum in a crowded marketplace because it was built on the notion that watching videos could be a social activity.
“Every month more than 50 million people in the U.S. come to watch videos for at least a minute on Watch, and total time spent watching video on Facebook Watch has increased by 14 times since the start of 2018,” she told reporters.
“With Watch … you can have a two-way conversation about the content with friends, other fans or even the creatives themselves.”
Facebook said eligible creators would be able to make money from their videos using its Ad Breaks service in Britain, Ireland, Australia and New Zealand as well as the United States from Thursday, with many more countries set to follow.
Simo said publishers were making “meaningful revenues” from its automated video advertising system on the platform, which has featured shows such as beauty mogul Huda Kattan’s “Huda Boss” and live “Major League Baseball” games.
“We know it’s been a long road but we’ve worked hard to ensure that the Ad Breaks experience is a good one for both our partners and our community,” she said.
Ad revenue will be split 55 percent for the content creator and 45 percent for Facebook, the same ratio as in the United States, Simo said.
Publishers need to have created three-minute videos that have generated more than 30,000 one-minute views in total over the past two months and must have 10,000 followers to participate in Ad Breaks, Facebook said.
Simo said Facebook was working on a variety of other options for creators to make money, such as branded content and the ability for fans to directly support their favorite creators through subscriptions.
“(Fan subscription) is something that is rolled out to a few creators now, but we are planning on expanding that program soon,” she said.
Editing by Kirsten Donovan
You know we are at the top of the hype cycle on blockchain and cryptocurrencies when examples of peak crypto include glistening fleets of Lamborghinis as a reflection of price spikes and talk of crypto-utopia with no central governments. Nonetheless, there are a number of key risks that plague this asset class and stand in the way of broader market adoption and stability. While there is no doubt cryptocurrencies, digital tokens and blockchain-based business models are here to stay, understanding how risk interplays with this emerging market and their underlying technologies will not only help protect investors, it will also give regulators a steady hand and, hopefully, guide how entrepreneurs are approaching risk management in their projects, which is not easily done after the fact. One unique facet that blockchain-based projects bring to the market is that unlike the analog economy, which hopes to code good conduct in people who have the care, custody and control of our savings and assets, is that “good conduct” can be coded at the technology layer and in an unalterable and transparent manner. In short, a machine is not naturally greedy or prone to moral hazard (risk taking without bearing the consequences).
What follows are 10 examples of key risks that imperil cryptocurrencies and stand in the way of market progress.
Wide Entrance, Narrow Exit – It is true that the advent of bitcoin and its ilk of cryptocurrencies, of which there are more than 1,600 and counting that have been digitally minted, has democratized many aspects of finance. This lowered barrier to entry creates a wide entrance and a very narrow exit, which as is prone to happen in the real world during Black Friday shopping frenzies for example, can lead to collateral damage as people rush to get out. The exit can be barred due to technological constraints, currency inconvertibility and few counterparties with whom to trade. While the asset class is generally uncorrelated to the traditional economy, it is all correlated to itself, which can create market panics and runs.
Intangible, Illiquid, Uninsured – The true miracle of blockchain-based cryptocurrencies, such as bitcoin, is that the issue of double counting is resolved without any intermediary, such as a bank or banker. This feature captured by the notion of digital singularity, where there can only be one instance of an asset is powerful and one of the primary reasons this asset class has blossomed. However, the intangible and illiquid nature of cryptocurrencies (combined with the point above about narrow exits) hampers their convertibility and insurability. Indeed, despite reports of growing insurer interest in the segment, the majority of crypto-assets and crypto companies are either under-insured or uninsurable by today’s standards. There is no deposit insurance “floor” for this asset class, which can help broaden appeal and investor security.
Mark To Market – As crypto holders seek to exit the intangible asset class returning to fiat currencies or other assets, which are often loathed by many crypto purists, their flight to safety or liquidity most often takes them to the greenback or U.S. While the price pegs work well on the way in to cryptocurrencies as investors informed by their “animal spirits” who want in on a speculative wave have a willingness to pay at a stated value or peg. On the way out, however, this mark to market feature sees many investors subjected to downward price pressure, which highlights the adverse effects of illiquidity, narrow exits and narrow participation in the asset class. These types of issues are being remedied as more institutional investors enter the space and more markets and trading platforms open. In the meantime, market participants would be wise in minding currency inconvertibility and the implied volatility of cryptocurrencies, which would make high-frequency traders flinch. To truly understanding blockchain’s potential requires the suspension of disbelief. To truly capture the investment thesis of cryptocurrencies requires the suspension of the traditional economy yardstick.
From Extortion To Manipulation – While no investor should part ways with money they are not prepared to lose, no matter how nominal the amount, cryptocurrencies are particularly prone to social engineering and misinformation risks. The naïve, as with the analog economy, can become easy prey to cyber extortion, market manipulation, fraud and other investor risks. The U.S. Securities and Exchange Commission, SEC, has gone as far as creating a fake initial coin offering (ICO) website as a way of alerting would-be crypto investors to “shinny object” threats. Indeed, emerging regulatory clarity on what constitutes a truly decentralized asset, such as bitcoin or ethereum, which is beyond the control of any one party, versus company-issued cryptocurrencies or tokens is a growing area of securities attention.
Care, Custody And Control – Despite the intangible and unseen nature of cryptocurrencies and digital assets more generally, one of the single biggest issues plaguing the market is care, custody and control. Not unlike the perennial challenges of cyber and physical security of the traditional banking sector, there is a veritable standards war taking place among crypto custodians on who is providing the highest standards of investor protection and asset security. The number of high profile and high value crypto heists suggests that this playbook of best security practices is still being written. The wealthiest crypto investors are going to great lengths to protect their intangible hoard by using cold storage devices placed in physical (offline / airtight) vaults and bunkers. Not every crypto investor can afford this level of security no more than every crypto investor is a target, but all are subject to the emerging nature of care, custody and control standards. Here too, the absence of a basic “floor” in terms of security and capital guarantees, like a cyber Federal Deposit Insurance Corporate, FDIC, means that investors are exposed on a first-loss basis.
Cyber Risks On All Sides – As is true with cyber threats, which evolve according to Moore’s law, the space between the keyboard and the chair (or the smart phone and the digital wallet) is as important as the cyber hygiene and defenses of the crypto custodian. While in principle the bitcoin blockchain has proven to be among the most cyber resilient innovations thus far, the firms that plug into it, like other cryptocurrencies, are often new entrants with lax cybersecurity standards and wherewithal. By this measure, not all cryptocurrencies are created equal in term of their traceability, transaction ledgering and levels of trust or fiduciary responsibility. For this, risks as simple as “mysterious disappearance” and as complex as ransomware attacks and AI-powered bots scouring the Internet for weak links and easy prey are complex and fast-moving perils.
Human Error (And Forgetfulness) – Given the intangible nature of the asset class, human error and something as confounding as password amnesia can spell total loss of a crypto fortune. Not everyone is as lucky as 50 Cent, who forgot he accepted bitcoin for an album release and discovered an $ 8 million bitcoin bounty. The prospect of being locked out, losing hardware or facing “geophysical risks,” such as spilled coffee is often enough to create losses – not to mention the ever present risk of buyer’s remorse given cryptocurrency price volatility. At the crypto whale end of the market, the high-profile nature and public quality of large asset holders may expose people to direct physical security threats, such as kidnaping, ransom and extortion. A fleet of lambos will not add to the needed discretion of not becoming a potential target.
(Un)Safe Havens – Another key risk with cryptocurrencies and this asset class more generally is the lack of coordination and clarity on regulatory, financial, tax and legal treatment. This is unsurprising given the relatively new nature of this market and the often slow moving and lagging quality of “regulatory catch up.” Indeed, most regulators around the world did not begin to form an opinion about cryptocurrencies until their rise to prominence with bitcoin’s meteoric appreciation in 2017. Suddenly, countries and jurisdictions around the world have entered a crypto land grab by seeking to become destinations of choice for prospective investors and projects. Like the global financial system, coordination and coherence can go a long way in eschewing risks of the systemic and mundane variety while improving overall market stability.
Technological Risks – There have been many reports about the computational complexity and energy consumption of bitcoin mining, as one example of some of the technological limitations of cryptocurrencies. This computational complexity may also work in the inverse and pose potential risks to the asset class under the premise that complex systems fail in complex ways. It is true that the decentralized feature of true blockchain structures gives then an inherent disaster and risk-proofing that is not enjoyed by centralized databases (which are veritable honey pots as evidenced by Equifax’s massive breach). Yet not all cryptocurrencies or tokens are riding on similar rails. For this, investors should beware of the technological risks and false promises of decentralization that are being made in many projects, for not all blockchains are created equal.
Civil Wars With Forks – Last, but certainly not least, while much crypto wealth is concentrated in the hands of people who are thinking long term about the positive change this asset class can have on the world, there is nevertheless the constant specter of civil wars and forks, which can bifurcate the consensus on cryptocurrencies, thus eroding market share, valuation and adoption. This standards war continues to flare up, including most recently with the advent of Bitcoin Cash. It is also notable that despite the talk amongst crypto-utopians of a world ruled by blind scalable trust and no centralized authorities, that councils of large crypto holders, much like a papal conclave or the Bank for International Settlements (BIS), can set a course on the market influencing outcomes and price fluctuations. As with the real movement of whales, smaller fry can either get gobbled up or caught in the wake.
Precisely because there are risks in the cryptocurrency market there are rewards. Countless new entrants, from large traditional enterprises who have awoken to blockchain’s promise, or startup teams bent on creating a new democratized future challenging status quo, all realize that a new technology driven wave of value creation is upon us. Understanding the potential perils of diving into this wave can help improve the long-term prospects of cryptocurrencies and broaden their adoption beyond risk-seeking first movers.
This article first appeared in Data Sheet, Fortune’s daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here.
Today brings news that ticks three of our favorite boxes at Data Sheet: Futurism (the future is already here, it’s just not evenly distributed), clicks to bricks (online retailers opening physical stores), and the growth of Chinese tech giants (via a unit of Baidu (bidu) in this case). Aaron in for Adam on this four-day U.S. work week, thinking about the future of movies.
The actual news event is of the starting small variety. Baidu’s iQIYI, a video streaming service sometimes dubbed the Netflix of China, opened a tiny movie theater in the city of Zhongshang in the southern province of Guangdong. Adding a few dozen seats to the theater capacity of the city of about 3 million people sounds like a drop in the bucket.
But the new theater, called Yuke, is actually a series of mini-theaters, each with two to 10 seats, that can be rented by the hour to show any content available from iQIYI’s library. With cushy chairs, Dolby audio, and a screen much larger than a home TV, the on demand Yuke theaters represent a new hybrid way to consume streaming video. iQIYI, which went public in the United States a few months ago, says it plans to bring the Yuke concept to all of China’s major cities.
There have been rumors that Netflix (nflx) was pondering a more traditional theater play, as well. The Los Angeles Times reported last month that Netflix considered buying the Landmark Theatres chain, but ultimately rejected the idea as too costly. With malls facing increasing vacancies, maybe something more like iQIYI’s on-demand mini-theaters would be a smarter move for Netflix.
Congratulations! The digital world has invited you to virtually attend Meghan Markle and Prince Harry’s marriage this weekend.
Frankly, you don’t give a damn. But the internet won’t let you off the hook so easily. Your news feeds will be littered with the #RoyalFamily and #WhenHarryMetMeg musings unless you do some work to cinch off the firehose before the event begins.
Prepare your platforms, adjust your settings, download extensions, and escape the royal wedding with the following prudent suggestions. The event starts early Saturday morning in the US, so do it now. It’s not too late!
Mute It on Twitter
Want to log on to Twitter and NOT have #PrinceHarry kidnap your feed? Simple. Locate your profile icon in the upper right corner of your Twitter homepage. Click on it and drop down to “Settings and Privacy.”
On the Settings and Privacy page, go to the left and find the option labeled “Muted Words.” When you mute words on Twitter, tweets containing those words will not appear in your notifications or timeline. You’re able to mute one word, phrase, hashtag, or @username at a time. Start by muting “Royal Wedding 2018” and #RoyalWedding2018. Do the same for “Prince Harry,” “Meghan Markle,” “Harry and Meghan,” and “Royal Family.” You can adjust muting time from just 24 hours to one week to … forever! Make sure you choose the option to mute those words from everyone on Twitter, not just people you follow. That should wipe most royally love-addled suckers out.
Mute It on Facebook
Facebook doesn’t allow you to mute specific words. You can mute specific people in your News Feed who are obsessed with the wedding and post about it a lot (go to Settings and select “Blocking”), which gets you part of the way there. For everything else wedding-related on Facebook, download the extension Social Fixer. Among other things, it will let you filter Facebook’s News Feed based on keywords. This works in the browser, but not in Facebook’s mobile app.
Mute It on Instagram
If an Instagram friend of yours is obsessing over the nuptials, you can unfollow them. Seems harsh, but that’s the only way Instagram allows you to remove their posts completely from your timeline. Less harsh is muting their Stories, which Instagram does allow. Find their Story in your Stories feed, then tap and hold down on their profile image. Select mute. To unmute their Stories after the wedding, scroll allll the way to the left of your Stories feed. This is where your muted friends live, and you’ll see the person’s profile appear grayed out. Hold down their icon and select “unmute.”
Mute It on Gmail
Head over to your Gmail, where you’re bound to get spammed by wedding deets you really don’t need to see. Go to settings in the top right corner of your inbox. From there, click on “Filters and Blocked Addresses.” Here, you’ll see an option to create a new filter. In the subject line, enter “Prince Harry.” Next, Gmail will ask you what you want it to do with a message that comes through with “Prince Harry” in the subject line. Your best best is to “delete it.” Don’t worry: If you have a change of heart, you’ll have 30 days to recover an email before it’s automatically emptied from your digital trash can. You’ll want to do the same thing with the words “Royal Wedding” and “Meghan Markle” by creating separate filters.
Mute It Everywhere Else
Try as you may, articles and headlines will still rope you into the royal family’s festivities across your browser. It’s nothing personal, but you may get annoyed by the very sight of Prince Harry and Meghan Markle’s names on your screen. If you use Chrome, you’re in luck. Download Word Replacer II, the Chrome Extension that allows you to replace any word that appears in your browser with any other word of your choosing. Once it’s downloaded, go to Word Replacer’s icon next to the search bar and hit Settings. On the left hand side of Settings, select “New.”
This is where you’ll start to feel like you’re playing Mad Libs. In the two boxes that appear, enter the word you want to see go away and the word you’d like to replace it with. You might choose to replace “Royal” with “Popsicle” and “Wedding” with “Party.” Or how about “Prince Harry” with “Queen Frog” and “Meghan Markle” with “Queen Toad.” Select them one by one, and on the right side hit “Apply” to the selected words. Suddenly, the everybody’s going bananas about some Popsicle Party hosted by amphibians. Now there’s something you can get down with.
More Great WIRED Stories
SAN FRANCISCO (Reuters) – Apple is on the verge of becoming the first $ 1 trillion publicly listed U.S. company, but even if it gets there, it could soon be overtaken as Amazon.com surges from behind.
Started in the garage of co-founder Steve Jobs in 1976, the iPhone maker’s annual revenue has ballooned to $ 229 billion, greater than the gross domestic product of countries including Portugal and New Zealand.
(Big Tech Rev vs Countries’ GDP: reut.rs/2ry9qr6)
Apple’s market capitalization on Thursday topped a record $ 934 billion, following its unveiling last week of a $ 100 billion buyback budget and news that Warren Buffett’s Berkshire Hathaway dramatically increased its stake in the company.
Thanks to a 12 percent rally since its quarterly report last Tuesday, the Cupertino, California company is just 8 percent short of hitting the $ 1 trillion valuation mark.
Pointing to Apple’s recent 31 percent jump in service revenue, including music streaming and online storage, CFRA analyst Angelo Zino on Wednesday upped his target price for the stock from $ 195 to $ 210, which would put Apple’s market capitalization at $ 1.03 trillion. Zino joins at least 12 other analysts with price targets putting Apple’s stock market value at 13 digits.
But Apple is in danger of being beaten to the $ 1 trillion mark – or passed soon after – by Amazon.com, the second largest listed U.S. company by market value, at $ 780 billion.
Saudi Arabian authorities, meanwhile, have said they expect a planned international initial public offering of Saudi Aramco that would value the national oil producer at about $ 2 trillion.
While $ 148 billion smaller than Apple on Friday, Amazon of late has expanded its stock price, and its sales, much more quickly than Apple. Amazon’s stock is red hot, trading recently at over 100 times expected earnings, compared to more-profitable – but slower growing – Apple’s valuation of 15 times earnings.
(Big Tech PEs:reut.rs/2wsd0YU )
Apple’s stock has risen 24 percent over the past year, fueled by optimism about the iPhone X, the company’s latest smartphone. But demand for the $ 1,000 device has underwhelmed investors, and bulls are now focused on Apple’s plan to return more cash to shareholders.
By comparison, Amazon’s stock has surged 70 percent over the past 12 months, bolstered by 31 percent revenue growth as more shopping moves online and businesses shift their IT departments to the cloud, where Amazon Web Services leads the market.
Amazon is also competing more with Apple and Google owner Alphabet as it sells music and video content, its Fire TV device and its Alexa smart home gadget.
(Big Tech Revenue: reut.rs/2wyZaE4 )
At $ 765 billion, Alphabet has the third largest market capitalization on Wall Street, with Microsoft close behind at $ 749 billion. Amazon breezed past both them both in February.
(Long-Term Market Cap:reut.rs/2rzCGxD )
Including Facebook, the five largest listed U.S. companies now account for 15 percent of the S&P 500’s $ 24 trillion market capitalization.
(Big Tech’s Outsized Weight in S&P 500: reut.rs/2rwBTOc)
To be sure, past stock gains are not a reliable predictor of future performance, and the surge in Apple’s and Amazon’s shares in recent years has been exceptional by most standards.
But if Apple’s stock were to keep growing at the pace seen over the past year, the company’s market capitalization would hit $ 1 trillion in September. Amazon would reach $ 1 trillion around October if its stock price continued to rise at the same rate as the past year, and overtake Apple soon after.
Extending forward their own one-year performances, Microsoft would not reach $ 1 trillion until early 2019, and Alphabet would take until 2020.
(Race to $ 1 Trillion Market Cap:reut.rs/2rz4WAJ )
Most Wall Street analysts are less optimistic. The mean analyst price target puts Apple’s stock 6 percent above current levels at $ 200 within the next 12 months, which would elevate its market capitalization to $ 983 billion, according to Thomson Reuters data.
The mean price target of analysts covering Amazon is $ 1,850, a 15 percent premium over its current price, which would give it a market value of $ 898 billion. Analysts target Microsoft to rise 12 percent to reach $ 845 billion, and for Alphabet’s market value to increase 16 percent to $ 884 billion.
(Big Tech Analyst Price Targets:reut.rs/2wv224H )
Reporting by Noel Randewich, Editing by Rosalba O’Brien
Apple Watch is being credited for saving a New York man’s life.
While he was working at his family’s bowling alley business Bowlerland last month, 32-year-old William Monzidelis became dizzy and started bleeding all over his body. Soon after, the Apple Watch he was wearing sent him a notification to immediately seek medical help.
On the way to the hospital, Monzidelis started to have seizures and by the time he arrived at the hospital just 30 minutes later, he had lost 80% of his blood, according to NBC New York, which earlier reported on the harrowing story. Emergency personnel discovered he had suffered an erupted ulcer and would need a blood transfusion just to have surgery to correct it. Doctors performed the surgery and he survived.
According to Monzidelis, who was interviewed by NBC New York, the doctors told him that if he didn’t receive the Apple Watch notification, he would’ve died.
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Although the Apple Watch isn’t classified as a dedicated medical device, it has an increasing number of features aimed at monitoring a person’s health. Chief among its health-focused features is a tracker that will monitor a person’s heart activity and alert them when something is off. When Apple Watch identifies a problem, it sends an urgent notification that tells people to seek medical attention.
Monzidelis’ story isn’t unique. Earlier this week, in fact, ABC News reported that the Apple Watch saved the life of an 18-year-old woman after it recognized that her resting heart rate had jumped to 160 beats per minute. She rushed to an urgent care and then an emergency room, where she was told she had kidney failure, according to the report. If not for the Apple Watch, she would have died, doctors apparently told her.
“Stories like Deanna’s inspire us to dream bigger and push harder every day,” Apple CEO Tim Cook tweeted this week in response to the ABC News article.
This stark, minimalist device is a hybrid between an analog watch and a smart one. It looks like an elegant fashion accessory, but connects to the Nokia Health app on your phone to show stats like your heart rate, steps, and distance traveled. It’s simple and slim, with a velvety silicone band, and can transition from surfing to a wedding brunch without skipping a beat. And, at $ 180, it is one of the most affordable fitness trackers out there.
Welcome to Seeking Alpha’s Stocks to Watch – a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
Investors are looking for a swing back in momentum next week after the Dow Jones Industrial Average and S&P 500 recorded their biggest one-week slide since early in 2016, led by weakness in the technology and financial sectors amid trade concerns and Facebook’s (NASDAQ:FB) data privacy scandal. On the political calendar, Congress will be out on a two-week Easter break, giving President Trump plenty of room to talk up his tariff strategy and outline infrastructure plans during a trip to Ohio scheduled for March 29. There’s also a lull with corporate news a few weeks ahead of what could be a huge Q1 earnings season, leaving those feisty animal spirits to fend for themselves.
Notable earnings reports: Red Hat (NYSE:RHT) and Paychex (NASDAQ:PAYX) on March 26; Lululemon (NASDAQ:LULU) on March 27; Blackberry (NYSE:BB), GameStop (NYSE:GME), Walgreens Boots Alliance (NASDAQ:WBA), PVH (NYSE:PVH) and JA Solar (NASDAQ:JASO) on March 28; Constellations Brands (NYSE:STZ) on March 29. See Seeking Alpha’s Earnings Calendar for the complete list.
Apple Special Event: Apple (NASDAQ:AAPL) is scheduled to hold an event at Lane Tech College Prep High School in Chicago on March 27. The company is looking to win back market share in the education market after watching Chromebooks soar in popularity. Hardware updates from the tech company could include an updated iPad Pro with Face ID technology, a new entry-level 9.7-inch iPad and an updated iPhone SE. Could an Apple office in the Midwest be part of the plan?
IPOs expected to price: GreenTree Hospitality (Pending:GHG) on March 26; Bilibili (Pending:BILI), Onesmart International Education (NYSE:ONE) and OB Bancorp (OTCQB:OPBK) on March 27; Ibex (Pending:IBEX), Iqiyi (Pending:IQ), Unum Technologies (Pending:UNUM) and Homology Medicines (Pending:FIXX) on March 28.
IPO lockup expirations: RYB Education (NYSE:RYB) on March 26; Nightstar Therapeutics (NASDAQ:NITE), NuCana (NASDAQ:NCNA), Deciphera Pharmaceuticals (NASDAQ:DCPH) and Roku (NASDAQ:ROKU) on March 27; PQ Group (NYSE:PQG) on March 28.
More tariff talk: The U.S. could issue some details next week on $ 60B worth of tariffs covering a wide variety of products. Analysts sizing up the situation still see a strong chance that the Trump Administration and counterparts in Beijing will work out deals covering intellectual property and technology transfers before launching an all-out trade war, but global markets have priced in some disruption. A list compiled by UBS of companies with a high mix of revenue out of China includes Skyworks Solutions (NASDAQ:SWKS), Qualcomm (NASDAQ:QCOM), Qorvo (NASDAQ:QRVO), Broadcom (NASDAQ:AVGO), Micron (NASDAQ:MU), A.O. Smith (NYSE:AOS), Corning (NYSE:GLW) and Intel (NASDAQ:INTC).
Extraordinary shareholder meetings for M&A vote: Old Line Bancshares (NASDAQ:OLBK) on March 28; Kindred Healthcare (NYSE:KND) in March 29.
Bank of America Merrill Lynch New York Auto Summit: Automobile industry companies set to present at the event in the Big Apple include Ford (NYSE:F), General Motors (NYSE:GM), Shiloh Inudstries (NASDAQ:SHLO), Group 1 Automotive (NYSE:GPI), Dana (NYSE:DAN), KAR Auction Services (NYSE:KAR) and American Axle & Manufacturing (NYSE:AXL).
Healthcare presentations: Companies due to update at the Society of Gynecologic Oncology Annual Meeting in New Orleans include Tesaro (NASDAQ:TSRO) on Zejula, Merck (NYSE:MRK)-AstraZeneca (NYSE:AZN) on Imfinzi/Lynparza and ImmunoGen(NASDAQ:IMGN) on mirvetuximab-Keyruda.
Analyst/investor day meetings: NRG Energy (NYSE:NRG) on March 27; Autodesk (NASDAQ:ADSK), Ambarella (NASDAQ:AMBA), Arris International (NASDAQ:ARRS) and GoDaddy (NYSE:GDDY) on March 28.
Business update call: Synchronoss Technologies (NASDAQ:SNCR) on March 28.
New York International Auto Show: Significant updates to older models will be a major focus of this year’s edition of the New York International Auto Show. Old standbys getting a refresh include the Ford Fusion, Nissan Altima (OTCPK:NSANY) and Toyota (NYSE:TM) RAV4. There’s also a comeback for the Lincoln Aviator nameplate and Cadillac’s XT4 SUV introduction to keep an eye on. The public part of NYIAS begins on March 30.
Electric van event: Workhorse Group (NASDAQ:WKHS) and Ryder (NYSE:R) are holding an event in San Francisco to welcome the nation’s first all-electric, zero emission delivery van. The next-gen EV van fleet will be used in the San Francisco area beginning next month under a pilot program. FedEx (NYSE:FDX), Daimler (OTCPK:DDAIF), UPS (NYSE:UPS) are also active in testing electric delivery trucks.
Under Armour: Third Bridge Forum has a conference call set for March 27 to delve into Under Armour’s (UA, UAA) position in the athletic marketplace. The call follows a strong FQ3 earnings report from Nike (NYSE:NKE) on the back of new product momentum and continued market share gains from Adidas (OTCQX:ADDYY). Over the last 52 weeks, shares of Under Armour are down 19% to lag way behind the 26% rally for Adidas and 14% gain for Nike.
Barron’s mentions: Time Warner (NYSE:TWX) shareholders face a win-win situation with the DOJ lawsuit, reasons Andrew Bary. La-Z-Boy (NYSE:LZB) is tapped as a stock with upside potential, while the list of cloud software takeover targets includes Box (NYSE:BOX), Veeva Systems (NYSE:VEEV) and Atlassian (NASDAQ:TEAM). The verdict on Facebook is that a falling price-to-earnings ration and shrinking premium to the market make shares tempting for investors looking for the new “sin” stock.
Sources: EDGAR, Bloomberg, CNBC, Estimize.com and Nasdaq.com.
Editor’s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.
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Google, which has largely sat on the sidelines of the video game industry, seems ready to get in the fight.
The company is working on a new service codenamed Yeti, which would let people play games streamed to them online, potentially eliminating the need for a dedicated console like the PlayStation 4 or a high-end gaming computer.
News of the service first broke via The Information. Gaming industry insiders, who were not authorized to speak on-the-record, tell Fortune that Google is targeting a holiday 2019 release for Yeti, though the company is currently behind schedule and that date could shift.
Google recently hired Phil Harrison, a long-time gaming industry veteran. Sources indicate he is closely involved with the project. Harrison spent 15 years as the head of Sony’s network of game studios and three years as a senior member of Microsoft’s Xbox team. Since leaving those companies, he has served as an adviser and board member to various gaming companies.
Google declined to discuss the initiative, citing a company policy of not commenting on rumors or speculation.
Some details about Yeti are still fuzzy. It could be a dedicated streaming box or could operate through the company’s Chromecast device. How it will overcome issues of in-game lag is one of the biggest hurdles. But Fortune has learned that several major publishers are working with Google on the project.
Yeti would compete with Sony’s Playstation Now streaming service, which carries a $ 19.95 monthly fee (or $ 100 annual fee). That service, built off of one of the pioneers in game streaming, has not found an especially large audience, in part because of the high price and older catalog of games. Microsoft has previously discussed launching a game streaming service, but has not made any announcements about a new streaming product.
Google has flirted with the game industry before. It almost acquired Twitch in 2014 for $ 1 billion, but the deal fell apart in the final stages. (Amazon would later acquire that game streaming service.) Since then, Google’s YouTube division has dramatically increased its presence in the video game world, live streaming from E3, the video game industry trade show, and enabling live game streaming.