Morning Beat: Facebook Inc (FB), Alphabet Inc (GOOGL), and Alibaba Group Holding Ltd (BABA)

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Facebook Inc (NASDAQ:FB) has started to crack the whip on advertisers dealing in products that are ‘overwhelmingly unsatisfactory’. The move is in response to growing complaints, of some online retailers dealing in fake goods.

The proliferation of knockoffs designer dresses on the network has got many users unaware prompting action from the tech giant Facebook Inc(NASDAQ:FB) has since reacted by removing most of the ads and shutting down a good chunk of advertisers accounts dealing in fakes.

Some of the notorious brand names found to selling knockoffs include DressLily, RoseWholesale, RoseGal, SammyDress, Zaful, Nasty Dress, TwinkleDeals, and TrendsGal. All of them have been linked to Chinese e-commerce giant Global Egrow.

Alphabet Inc (NASDAQ:GOOGL) high-speed internet service, Google Fiber, is now available in Kansas City. Subscribers will be able to choose between two plans. A faster option, Fiber 100Mbps, goes for $50 a month without any construction fee or need to sign a contract. The second option, Fiber 5Mbps, available free of charge is designed for undeserved communities.

Doing away with the installation cost is a strategic move as the same had turned off potential customers at start. Altering the pricing model could be an indication Alphabet Inc (NASDAQ:GOOGL) is looking to attract more customers amidst mounting pressure to become a viable broadband company.

Alphabet Inc (NASDAQ:GOOGL) unveiled a new robot at the New Economic Summit in Tokyo Japan, which looks completely different to designs developed previously by Boston Dynamics. The robot features a compact two-leg design able to move up down like humans depending on the task.

The unnamed robot is designed to interact in a human-like way. It can also double up as a robotic packhorse for the military or a dog’s plaything. Alphabet Inc(NASDAQ:GOOGL) says the lower cost and low power Schaft can be used to carry up to 60kg in an uneven terrain as well as staircase.

Alibaba Group Holding Ltd (NYSE:BABA) has expanded its startup cloud platform to Singapore as it continues to pursue new growth opportunities on the global scene. For starters, the tech giant is planning to offer selected startups $10,000 credit that they can use to purchase any service on Aliyun cloud platform. Top performing startups stand to walk away with $18,000 worth of credit.

Local startups that have already signed up will also be able to gain access to Alibaba Group Holding Ltd (NYSE:BABA)’s expansive IT infrastructure for the first year. The company also plans to help startups come with cloud-enabled apps while also offering co-marketing and branding opportunities. There are also plans to expand the service to other countries.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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