Week In Review Our Top 7 Stories To Re-Visit: TWTR, AAPL, TSLA, AMZN
In the week gone by we look at the 7 stories our readers found the most interesting. Below is the gist of our top 7 stories which you should re-visit.
Harvard professor, Bill George found similarity in the way Twitter Inc. (NYSE:TWTR) was headed to the issues of the BlackBerry. George was a former CEO of Medtronic besides siting on the board of directors of different companies. That included Goldman Sachs Group Inc (NYSE:GS) and Exxon Mobil Corporation (NYSE:XOM). He warned that if things don’t improve soon that Twitter Inc may become obsolete and follow in the ways of Blackberry Ltd (NASDAQ:BBRY).
Amazon.com, Inc. (NASDAQ:AMZN)’s Fire Stick was better compared to its competitors like Roku, Google Inc. (NASDAQ:GOOGL). However, the company still looks to come second when it comes to content as Netflix, Inc. (NASDAQ:NFLX) continues to lead. The main differentiator with Amazon’s fire stick is that it allows users to upload their own videos which stood out.
Though Amazon was never part of NSA’s clandestine surveillance program called PRISM, It did release its first transparency report after years of silence. The company has always been known as being secretive. However, the finding of the report stated that the company responded to 66% of the subpoenas requests which it received.
The NBA Finals were one of the interesting events which many watched and Walt Disney Co (NYSE:DIS) which owned ABC benefited the most from the event as the company earned a whopping $224 million from Finals alone through advertising.
The transition hasn’t been smooth for Autodesk, Inc. (NASDAQ:ADSK) as the change of business model is inflicting pain in short-term. The company’s decision to charge customers on subscription basis compared to licensing is right as the same can provide an opportunity to bag more contracts in future.
Morgan Stanley’s auto analyst Adam Jonas has been positive on Apple Inc. (NASDAQ:AAPL)’s car ambitions. The analyst is of the view that the company has the required cash which is required to be successful in auto industry along with technical know-how. It would be interesting to see how things pan out as the company has not yet revealed its plans.
In annual shareholder meeting, Tesla Motors Inc (NASDAQ:TSLA)’s CEO Elon Musk revealed what the company has in store for the rest of the year. He spoke about a number of things including the Model X, Model 3, Gigafactory, and the Battery storage business etc.
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