It's good to be the Goog, at least if what you want is to make incredible amounts of money. Continuing its trend as the pandemic rolls on, Google and its parent company Alphabet are absolutely coining it. Revenue for the first quarter of 2021 was 55.314 billion US dollars, an increase of an astonishing 34% over last year.
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Yahoo Finance is a great tool for keeping track of business news and the ups and downs of the stock market. One feature that has been inexplicably missing from the Android app is two-finger pinching when viewing a graph, despite all of its competitors and even the iOS version offering this. Thankfully, it's finally been addressed in the latest version of the app, which was released last week.
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Fingerprint sensors were the norm for a long time, but face unlock reentered the scene as the smartphone biometric authentication method a couple years back. Secure apps have been relatively slow to adopt face unlock, but TD Ameritrade has just become the latest finance-related app to support it.
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Facebook's annual F8 developer event kicked off today, and the company had a number of pretty big announcements. Among them was news of plans to build a dating platform directly into its mobile apps—news investors in Match Group, the owner of a whole lot of online dating services including Tinder and Match.com, didn't take very well. As of this writing, the company's stock is down more than 20 percent.
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Microsoft's stock price rose this week, briefly seeing the company join the pantheon of trillion-dollar tech giants. MSFT opened at $121.05 Monday morning and peaked at $125.76 Tuesday, nudging the company's valuation over the $1 trillion mark. The price has since fallen.
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On August 2, Apple became the first US company to reach a total market capitalization of $1 trillion. Now, just a month and change later, Amazon has done the same — however briefly. The online retail behemoth's stock hit a new high of $2,049.50 per share around 11:30 a.m., Eastern time this morning, momentarily nudging its market cap over the trillion-dollar line.
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Xiaomi has published its financial results for the second quarter of 2018. Turns out, as you'd expect from a company that recently became more valuable than LG, things are going pretty well for the Chinese manufacturer.
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We're pretty keen on Android news here, but some things outside our immediate purview are significant enough to be worth mentioning. Here's one: today, Apple became the first US company to surpass a total market capitalization of $1 trillion (trillion as in a thousand billions).
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Samsung has posted its financial results for the second quarter of 2018. Following two glowing quarters, Q2 2018 was relatively cool, with sales and profits falling compared to both last quarter and Q2 2017. The Korean electronics manufacturer said that "softer sales" of both the Galaxy S9 line and display panels were largely to blame.
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Most of our readers should probably be familiar with MoviePass—if not for the company's movie ticket-accessing subscription service, at least for its presence in the news for the last few days. If you'll recall, MoviePass owners Helios and Matheson Analytics Inc. recently performed a reverse-split for the company's shares to drive up stock prices, but not with much success. More recently, everyone's favorite $6.95 a month service ran into a bit of a snag last night, resulting in a date night-stopping outage. Turns out, that's because the company literally just ran out of money. After borrowing $5 million to turn the lights back on, stock for the parent company took a nosedive to $1.98 (at the time of writing), down 70% over the last 24 hours.
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