What's Behind Facebook's Digital Currency And Why Spotify Is Interested
* Stories are summarized by an A.I.
* Stocks or companies mentioned: SPOT, V, DIS, GOOG, BA, TMICY, Huawei, ADBE, FB, and TSLA
What's Behind Facebook's Digital Currency And Why Spotify Is Interested
SPOT (Spotify Technology SA) | Forbes
This week, tech giant, Facebook, released a whitepaper – an informational vision document typically reserved for startups, along with an announcement of Libra, a “stable” digital currency the company hopes to bring to life in 2020. In March, Spotify announced its music tech would come preinstalled on Samsung mobile devices – a popular device brand in developing regions. With recent acquisitions in the podcasting space, Spotify stands to serve more content than ever globally. While France does not oppose Facebook’s decision to create an instrument for financial transactions, it does oppose that instrument become a sovereign currency. “Privacy and security is a myth that people in the US still believe,” says Allyson Toy, a music culture strategist translating and connecting the emerging Chinese music technology industry with U.S. artists and businesses.
Razer and Visa Announce Partnership to Transform Payments in Southeast Asia
V (Visa Inc.) | Business Wire
Razer™, the leading global lifestyle brand for gamers, and Visa, the world’s leader in digital payments, have announced a first of its kind partnership that will transform payments in the gaming industry by bringing the scale and reach of Visa’s global network to Razer Pay e-wallet users.
‘Toy Story 4’ easily opens at No. 1 although $118 million domestic debut misses high expectations
DIS (The Walt Disney Company) | Market Watch
Walt Disney Co.’s “Toy Story 4,” the strongly reviewed latest installment in the studio’s popular franchise, opened to a healthy $118 million in the U.S. and Canada, leading the weekend’s domestic box office. Last year at this time, Disney Pixar’s major film was “Incredibles 2” and that brought in a record-breaking $183 million at the domestic box office.
Google Brushes Off a Shareholder Revolt Over Its Plans in China
GOOG (Alphabet Inc) | The Motley Fool
Last year, Alphabet's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google faced a fierce backlash after details leaked about its censored search engine for China, codenamed Dragonfly. That refusal sparked a revolt among some shareholders, who tried to persuade Google to conduct and publish a human-rights impact assessment of a censored Google search engine in China. Brin and Page were both reportedly responsible for pushing then-CEO Eric Schmidt to pull Google out of China back in 2010. Google probably still plans to launch a censored search engine in China. Google also invested $550 million in JD.com and started selling JD's products on its Google Shopping marketplaces overseas.
Hundreds Of 737 Max Pilots Sue Boeing Over 'Unprecedented Cover-Up"
BA (The Boeing Company) | Zero Hedge
Over 400 pilots have joined a class-action lawsuit against Boeing, accusing the company of an "unprecedented cover-up" of "known design flaws" on the company's top-selling 737 MAX, according to the Australian Broadcasting Company. The lawsuit focuses on the Maneuvering Characteristics Augmentation System (MCAS) anti-stall system, which Pilot X claims gave the aircraft "inherently dangerous aerodynamic handling defects." Data from the flight revealed that the repeated commands from the MCAS system sent the flight from Bali to Jakarta plummeting into the sea. In a rush to bring the plane to customers, Boeing did not alert pilots to the software in a bid to prevent "any new training that required a simulator" — a decision that was also designed to save MAX customers money. Pilot X, alleges that Boeing "decided not to tell MAX pilots about the MCAS or to require MAX pilots to undergo any MCAS training" so that its customers could deploy pilots on "revenue-generating routes as quickly as possible".
TrendMicro Detects Crypto-Mining Malware Affecting Android Devices
TMICY (Trend Micro Inc) | Coin Desk
A new cryptocurrency-mining botnet has been detected exploiting Android Debug Bridge ports, a system designed to resolve app defects installed on a majority of Android phones and tablets. The botnet malware, as reported by Trend Micro, has been detected in 21 countries and is most prevalent in South Korea. SSH connections connect a wide range of devices – everything from mobile to Internet of Things (IoT) gadgets – meaning a lot of products are susceptible. The malware determines which miner is best suited to exploit the victim depending on the system’s manufacturer, architecture, processor type, and hardware. At the time researchers hadn’t determined whether the botnet had begun mining operations, but found an Android APK in the script, indicating Android devices may be targeted.
Huawei digs in for long battle with U.S.
002502 (Huawei Technology Company Ltd) | The Seattle Times
In addition to banning technology sales to Huawei, Washington has blocked Huawei from installing telecom equipment in the United States and pressured allies to shun Huawei gear, with mixed results. “It remains unclear how long this will take and how Huawei will source key components.”A Huawei spokesman declined to comment on the report. Ren also made conciliatory remarks about the United States during the Monday panel discussion. A Huawei employee sipping juice at a table near the books said he had read and enjoyed the Frenchman’s story. The employee said he still believed Huawei and the United States could work out their differences.
Adobe's Focus On A Data-Driven Business Model Is Likely To Sustain Growth Momentum
ADBE (Adobe Systems Incorporated) | Forbes
Q2 revenues grew to $2.7 billion (25% y-o-y) and we expect 2019 revenues to increase to $11 billion (22.1% y-o-y). TrefisWhat Will Drive Growth In Adobe Revenues And Profits Going Forward? Q2 revenues grew to $1.9 billion (22.2% y-o-y) and we expect 2019 revenues to increase to $7.9 billion (25% y-o-y). Q2 revenues grew to $0.8 billion (33.7% y-o-y) and we expect 2019 revenues to increase to $2.9 billion (17% y-o-y). Publishing: Segment revenues have declined by $20 million over 2016-18 due to the company reducing its focus on legacy businesses.
Facebook Won't Launch Its Cryptocurrency Wallet in Its Biggest Market
FB (Facebook Inc) | The Motley Fool
Facebook (NASDAQ:FB) recently introduced Libra, a cryptocurrency it developed with a consortium of payment service and tech companies. Facebook won't launch Calibra in U.S.-sanctioned countries, countries where Facebook doesn't have a presence, and countries that ban or regulate cryptocurrencies. That last restriction means Facebook won't launch Calibra in India -- which recently proposed 10-year jail sentences for people who "mine, hold, sell, transfer, dispose, issue, or deal in cryptocurrencies." Jefferies estimates that India is Facebook's largest market, with 310 million users, and that figure could surge to 440 million by 2023. The government's promotion of BHIM, a payment app linked to banks, also aims to unite the fragmented payments market under a single, easily regulated umbrella that could deter illegal transfers and tax evasion.
Tesla's Model 3: Demand Is High
TSLA (Tesla Inc) | Seeking Alpha
This disappointment caused the stock to dip over 8% and has created strong doubt among analysts about the demand of Tesla’s Model 3 demand. Through its high demand, Tesla will continue to grow as a company and become increasingly self-sufficient. Switzerland also saw high demand for the Model 3, as it topped the best-selling charts in March, and continues to capture the demand of the public. It’s also highly unlikely that Tesla sold its entire Model S and Model X inventory, more likely closer to 13,000 of the 14,163, meaning that there were 1,163 Model S and Model Xs in transit, or 9,437 Model 3s. Throughout this article I have demonstrated why I believe the Model 3 will continue to have high demand through the foreseeable future.
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* Stocks or companies mentioned: SPOT, V, DIS, GOOG, BA, TMICY, Huawei, ADBE, FB, and TSLA
What's Behind Facebook's Digital Currency And Why Spotify Is Interested
SPOT (Spotify Technology SA) | Forbes
This week, tech giant, Facebook, released a whitepaper – an informational vision document typically reserved for startups, along with an announcement of Libra, a “stable” digital currency the company hopes to bring to life in 2020. In March, Spotify announced its music tech would come preinstalled on Samsung mobile devices – a popular device brand in developing regions. With recent acquisitions in the podcasting space, Spotify stands to serve more content than ever globally. While France does not oppose Facebook’s decision to create an instrument for financial transactions, it does oppose that instrument become a sovereign currency. “Privacy and security is a myth that people in the US still believe,” says Allyson Toy, a music culture strategist translating and connecting the emerging Chinese music technology industry with U.S. artists and businesses.
Razer and Visa Announce Partnership to Transform Payments in Southeast Asia
V (Visa Inc.) | Business Wire
Razer™, the leading global lifestyle brand for gamers, and Visa, the world’s leader in digital payments, have announced a first of its kind partnership that will transform payments in the gaming industry by bringing the scale and reach of Visa’s global network to Razer Pay e-wallet users.
‘Toy Story 4’ easily opens at No. 1 although $118 million domestic debut misses high expectations
DIS (The Walt Disney Company) | Market Watch
Walt Disney Co.’s “Toy Story 4,” the strongly reviewed latest installment in the studio’s popular franchise, opened to a healthy $118 million in the U.S. and Canada, leading the weekend’s domestic box office. Last year at this time, Disney Pixar’s major film was “Incredibles 2” and that brought in a record-breaking $183 million at the domestic box office.
Google Brushes Off a Shareholder Revolt Over Its Plans in China
GOOG (Alphabet Inc) | The Motley Fool
Last year, Alphabet's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google faced a fierce backlash after details leaked about its censored search engine for China, codenamed Dragonfly. That refusal sparked a revolt among some shareholders, who tried to persuade Google to conduct and publish a human-rights impact assessment of a censored Google search engine in China. Brin and Page were both reportedly responsible for pushing then-CEO Eric Schmidt to pull Google out of China back in 2010. Google probably still plans to launch a censored search engine in China. Google also invested $550 million in JD.com and started selling JD's products on its Google Shopping marketplaces overseas.
Hundreds Of 737 Max Pilots Sue Boeing Over 'Unprecedented Cover-Up"
BA (The Boeing Company) | Zero Hedge
Over 400 pilots have joined a class-action lawsuit against Boeing, accusing the company of an "unprecedented cover-up" of "known design flaws" on the company's top-selling 737 MAX, according to the Australian Broadcasting Company. The lawsuit focuses on the Maneuvering Characteristics Augmentation System (MCAS) anti-stall system, which Pilot X claims gave the aircraft "inherently dangerous aerodynamic handling defects." Data from the flight revealed that the repeated commands from the MCAS system sent the flight from Bali to Jakarta plummeting into the sea. In a rush to bring the plane to customers, Boeing did not alert pilots to the software in a bid to prevent "any new training that required a simulator" — a decision that was also designed to save MAX customers money. Pilot X, alleges that Boeing "decided not to tell MAX pilots about the MCAS or to require MAX pilots to undergo any MCAS training" so that its customers could deploy pilots on "revenue-generating routes as quickly as possible".
TrendMicro Detects Crypto-Mining Malware Affecting Android Devices
TMICY (Trend Micro Inc) | Coin Desk
A new cryptocurrency-mining botnet has been detected exploiting Android Debug Bridge ports, a system designed to resolve app defects installed on a majority of Android phones and tablets. The botnet malware, as reported by Trend Micro, has been detected in 21 countries and is most prevalent in South Korea. SSH connections connect a wide range of devices – everything from mobile to Internet of Things (IoT) gadgets – meaning a lot of products are susceptible. The malware determines which miner is best suited to exploit the victim depending on the system’s manufacturer, architecture, processor type, and hardware. At the time researchers hadn’t determined whether the botnet had begun mining operations, but found an Android APK in the script, indicating Android devices may be targeted.
Huawei digs in for long battle with U.S.
002502 (Huawei Technology Company Ltd) | The Seattle Times
In addition to banning technology sales to Huawei, Washington has blocked Huawei from installing telecom equipment in the United States and pressured allies to shun Huawei gear, with mixed results. “It remains unclear how long this will take and how Huawei will source key components.”A Huawei spokesman declined to comment on the report. Ren also made conciliatory remarks about the United States during the Monday panel discussion. A Huawei employee sipping juice at a table near the books said he had read and enjoyed the Frenchman’s story. The employee said he still believed Huawei and the United States could work out their differences.
Adobe's Focus On A Data-Driven Business Model Is Likely To Sustain Growth Momentum
ADBE (Adobe Systems Incorporated) | Forbes
Q2 revenues grew to $2.7 billion (25% y-o-y) and we expect 2019 revenues to increase to $11 billion (22.1% y-o-y). TrefisWhat Will Drive Growth In Adobe Revenues And Profits Going Forward? Q2 revenues grew to $1.9 billion (22.2% y-o-y) and we expect 2019 revenues to increase to $7.9 billion (25% y-o-y). Q2 revenues grew to $0.8 billion (33.7% y-o-y) and we expect 2019 revenues to increase to $2.9 billion (17% y-o-y). Publishing: Segment revenues have declined by $20 million over 2016-18 due to the company reducing its focus on legacy businesses.
Facebook Won't Launch Its Cryptocurrency Wallet in Its Biggest Market
FB (Facebook Inc) | The Motley Fool
Facebook (NASDAQ:FB) recently introduced Libra, a cryptocurrency it developed with a consortium of payment service and tech companies. Facebook won't launch Calibra in U.S.-sanctioned countries, countries where Facebook doesn't have a presence, and countries that ban or regulate cryptocurrencies. That last restriction means Facebook won't launch Calibra in India -- which recently proposed 10-year jail sentences for people who "mine, hold, sell, transfer, dispose, issue, or deal in cryptocurrencies." Jefferies estimates that India is Facebook's largest market, with 310 million users, and that figure could surge to 440 million by 2023. The government's promotion of BHIM, a payment app linked to banks, also aims to unite the fragmented payments market under a single, easily regulated umbrella that could deter illegal transfers and tax evasion.
Tesla's Model 3: Demand Is High
TSLA (Tesla Inc) | Seeking Alpha
This disappointment caused the stock to dip over 8% and has created strong doubt among analysts about the demand of Tesla’s Model 3 demand. Through its high demand, Tesla will continue to grow as a company and become increasingly self-sufficient. Switzerland also saw high demand for the Model 3, as it topped the best-selling charts in March, and continues to capture the demand of the public. It’s also highly unlikely that Tesla sold its entire Model S and Model X inventory, more likely closer to 13,000 of the 14,163, meaning that there were 1,163 Model S and Model Xs in transit, or 9,437 Model 3s. Throughout this article I have demonstrated why I believe the Model 3 will continue to have high demand through the foreseeable future.
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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