Morning Beat: LinkedIn Corp (LNKD), Netflix, Inc. (NFLX), and Fitbit Inc (FIT)

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LinkedIn Corp (NYSE:LNKD) could be the subject of a massive security breach after emerged someone is selling millions of users, usernames and passwords online. The account credentials emanate from a four-year-old security breach that engulfed the professional networking site.

When the data breach occurred in 2012, LinkedIn Corp (NYSE:LNKD) claimed that only 6.5 million user’s details were lost. However, it is emerging that details of up to 117 million users could have been lost. According to Motherboard, usernames and passwords are going for as much as five Bitcoin or $2,300 on a dark web marketplace.

Netflix, Inc. (NASDAQ:NFLX) has launched a new website that allows users to measure the strength of their internet connection. Fast.com is the new site that users can now use to check their download speeds prior to connecting to the service.

The site could evoke outrage among users most of whom already feel enraged by slow internet speeds provided telecommunication companies. Australians have already aired their concerns to the ombudsman with the new site now expected to result in an increase in claims.

Fitbit Inc (NYSE:FIT) could be the next big player to expand into the payment business after acquiring payments hardware firm Coin. The acquisition gives it access to NFC technology that it can use to embed in its wearable’s, thus broadening their smart capabilities.

The integration of features that can support payments will take some time as Fitbit Inc (NYSE:FIT) remains focused on selling its current line of products. The first fitness trackers coming with the NFC technology could hit the markets in 2017.

Coin has already shut down its Coin Rewards and the Coin Developer program an indication that something for Fitbit Inc (NYSE:FIT) devices could be brewing in the background.

salesforce.com, inc. (NYSE:CRM) is expanding its footprint in Europe starting with the expansion of its headquarters in the UK. The enterprise giant plans to make a string of investments in European startups as it continues to look for new opportunities for growth. Last year, the company’s investment group invested $100 million in European startups.

With the expansion of the UK, headquarters the company plans to hire more staff. The hiring spree will target an additional 1,200 personnel to cater for salesforce.com, inc. (NYSE:CRM) growing customer base. Most of the hires will be done in the UK, which is driving the company’s growth in the region.

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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