Amazon’s advertising business has been on the rise with every passing year. In 2020, the company’s commercial advertising revenue added 52.5%, while its market shares increased up to 10.3 %. eMarketer experts say that the corporation wins new market positions from Google and other smaller companies.
Category: Market news
Stay on top of the news about companies that are traded at NYSE, NASDAQ, and other stock exchanges. Quarterly reports, ups-and-downs in prices, ratings of stocks and issuing companies, as well as interesting news about other financial markets and instruments.
Alphabet, the parent company of Google, won over Oracle in court. The arguement started in 2010. The shares of Google and Oracle reacted positively. The plaintiff wanted $9 billion of compensation. The Supreme Court of the USA claimed Alphabet innocent.
US President Joe Biden announced an investment of $2.3 trillion in the national economy. This made the shares of US IT giants grow, pulling market indices after itself. The S&P 500 got over 4,000 points for the first time in history.
On March 30rd, and online education platform Coursera had a successful IPO. Its capitalization reached $4.3 billion. On the next day, the stock price of Coursera (NYSE: COUR) reached a high of $49.53 at the first trading session, demonstrating growth by 22.8%.
The shares of large banks are falling. However, the shares of Morgan Stanley and Goldman Sachs that initiated the sale on March 26th lost almost nothing and are growing already. The SEC is investigating the situation.
Morgan Stanley and Goldman Sachs sold shares for $19 billion overnight. This huge and emergency liquidation provoked a market slump and falling of the stock price of Chinese IT giants and American media holdings by $35 billion total.
Adobe Systems' quarterly report exceeded the expectations of experts. The company boasted record profits and voiced ambitious plans for the current quarter and financial year. However, its shares dropped by 2% after the report.
The last two trading sessions made Microsoft shares grow by 3.14%. The growth was provoked by the news that the company might buy Discord, a messenger popular among gamers. The alleged cost is 10 billion USD.
Visa and MasterCard shares are falling because the anti-monopoly division of the Department of Justice has started an investigation. Visa shares have lost 6.24% and MasterCard shares – 2.86% of the price. The companies are accused of breaching competition in the market. Visa and MasterCard shares are falling because the Department of Justice has started an investigation.
In March, Volkswagen shares have grown by 69% because of the bold plans of the company’s management to conquer the world’s electric car market. Thanks to such growth of the quotations, DAX has set a record of 14775.52 points.