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Analysts predict Facebook has seen its year-over-year earnings grow on higher revenues for the first fiscal quarter of this year that ended in March. Therefore, FB stock is rising.
According to Facebook, the aim of the investment in Jio Platforms is to create “new ways for people and businesses to operate more effectively in the growing digital economy.” FB stock is rising in the pre-market.
During the Q1 2020 fiscal quarter, Netflix has added as much as 15.77 million paid subscribers globally. This is nearly twice more than 8.2 million net paid subscribers expected. Yesterday, NFLX was slightly down.
Despite the current tough circumstances, Spotify is continuing its investment in the podcast streaming business. The company has launched 17 new editorial podcast playlists. SPOT stock is down today.
Under the given conditions, Bitcoin continues gaining traction, therefore, Google, Apple, and Facebook need to find new revenue streams.
Under the given conditions, Disney (DIS) stock is suffering. In comparison with 2019, Disney stock lost 26.27%. At the moment of writing, it is 4.19% down, trading at $102.28.
Facebook’s new gaming app will be mainly focused on watching and making game live streams. Android users anywhere in the world can try it today. After Apple approves the app, it will be available on iOS as well. FB stock is slightly down.
Inovio Pharmaceuticals received $6.9 million to work with the International Vaccine Institute (IVI) and the Korea National Institute of Health (KNIH) and start Phase 1/2 clinical testing of its INO-4800 vaccine. Following the news, INO stock is up.
On April 29, Tesla will release the first-quarter 2020 earnings. Analysts have already made their predictions, and now we have to wait to see whether Tesla has beat their expectations or not. Today TSLA stock is down in the pre-market.
The luckiest company today is Gilead Sciences. After its announcement about the successful coronavirus treatment the company has found, its stock started growing. Right now, Gilead Sciences (GILD) stock is trading at $82.115, or 7.28% up.