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2021-06-03

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AMC Entertainment Loves Being a Meme Stock. Here’s How We Know.

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That has&nbsp;provided some hope&nbsp;that the chain can last long enough to benefit from a wave of consolidation in movie theaters.</p>\n<p>During last month’s earnings call, Aron embraced the company’s social media fans. He announced he would match a $50,000 donation from AMC to the Dian Fossey Gorilla Fund—a charity popular on the WallStreetBets Reddit forum. The Reddit posters call themselves “apes,” posting memes and GIFs—like a scene in&nbsp;<i>Rise of the Planet of the Apes</i>&nbsp;where Andy Serkis’s character signs the phrase “Apes together: Strong,” a reference to the newly found collective power of retail investors in the stock market.</p>\n<p>Aron’s direct appeals to Reddit users is notable. In contrast, Ryan Cohen, the large&nbsp;GameStop&nbsp;investor and soon-to-be chairman of the company’s board, has mostly stuck to cryptic Twitter posts that are open to interpretation. That, however, hasn’t stopped some GameStop fans from predicting major news events based on frog emojis and GIFs&nbsp;from adult cartoons.</p>\n<p>On the AMCStock Reddit thread discussing the news, some commenters didn’t want to take money away from AMC by taking free popcorn. User Rickblood23 offered a solution: “Get the free popcorn and with that money buy chicken tendies,” they wrote. “Support the company and send a message.”</p>\n<p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Entertainment Loves Being a Meme Stock. 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Here’s How We Know.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-02 22:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amc-entertainment-meme-stock-51622644690?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC Entertainment‘s chief executive is leaning in to the theater firm’s cultlike status among social media retail investors. On Wednesday, CEO Adam Aron announced on Twitter a new rewards program for ...</p>\n\n<a href=\"https://www.barrons.com/articles/amc-entertainment-meme-stock-51622644690?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.barrons.com/articles/amc-entertainment-meme-stock-51622644690?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169651707","content_text":"AMC Entertainment‘s chief executive is leaning in to the theater firm’s cultlike status among social media retail investors. On Wednesday, CEO Adam Aron announced on Twitter a new rewards program for AMC‘s millions of stockholders, AMC Investor Connect.\nThe program is free for stockholders, and links up with the AMC Stubs Insider rewards program. Aron said on Twitter that the effort is meant to communicate often with shareholders. It will offer special rewards, starting with a free large popcorn. It isn’t exactly a new phenomenon—companies owned by Warren Buffett’s Berkshire Hathaway (ticker: BRK.A) have offered perks for shareholders in the past—but this effort follows a surge in social media sentiment in support of AMC.\nAMC stock (AMC) surged another 19% to $40.29 Wednesday morning—which would be its first record close since March 23, 2015, according to Dow Jones Market Data.  The stock is up 233% in the past seven trading days, leading a broader resurgence in such highly-shorted social media darlings.\nSupply and demand factors like short interest and options trading activity have colored the moves in meme stocks like AMC and GameStop(GME) this year. Though the moves may not be based on company fundamentals, AMC has cashed in on its rise by selling millions of shares. That has provided some hope that the chain can last long enough to benefit from a wave of consolidation in movie theaters.\nDuring last month’s earnings call, Aron embraced the company’s social media fans. He announced he would match a $50,000 donation from AMC to the Dian Fossey Gorilla Fund—a charity popular on the WallStreetBets Reddit forum. The Reddit posters call themselves “apes,” posting memes and GIFs—like a scene in Rise of the Planet of the Apes where Andy Serkis’s character signs the phrase “Apes together: Strong,” a reference to the newly found collective power of retail investors in the stock market.\nAron’s direct appeals to Reddit users is notable. In contrast, Ryan Cohen, the large GameStop investor and soon-to-be chairman of the company’s board, has mostly stuck to cryptic Twitter posts that are open to interpretation. That, however, hasn’t stopped some GameStop fans from predicting major news events based on frog emojis and GIFs from adult cartoons.\nOn the AMCStock Reddit thread discussing the news, some commenters didn’t want to take money away from AMC by taking free popcorn. User Rickblood23 offered a solution: “Get the free popcorn and with that money buy chicken tendies,” they wrote. “Support the company and send a message.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":111957826,"gmtCreate":1622650492965,"gmtModify":1704188177232,"author":{"id":"3583306004602357","authorId":"3583306004602357","name":"KRISHMA","avatar":"https://static.tigerbbs.com/2eb25556374010143aec172f92a119dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583306004602357","authorIdStr":"3583306004602357"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/111957826","repostId":"1169651707","repostType":4,"repost":{"id":"1169651707","kind":"news","pubTimestamp":1622645074,"share":"https://ttm.financial/m/news/1169651707?lang=&edition=fundamental","pubTime":"2021-06-02 22:44","market":"us","language":"en","title":"AMC Entertainment Loves Being a Meme Stock. Here’s How We Know.","url":"https://stock-news.laohu8.com/highlight/detail?id=1169651707","media":"Barrons","summary":"AMC Entertainment‘s chief executive is leaning in to the theater firm’s cultlike status among social","content":"<p>AMC Entertainment‘s chief executive is leaning in to the theater firm’s cultlike status among social media retail investors. On Wednesday, CEO Adam Aron announced on Twitter a new rewards program for AMC‘s millions of stockholders, AMC Investor Connect.</p>\n<p>The program is free for stockholders, and links up with the AMC Stubs Insider rewards program. Aron said on Twitter that the effort is meant to communicate often with shareholders. It will offer special rewards, starting with a free large popcorn. It isn’t&nbsp;exactly&nbsp;a new phenomenon—companies&nbsp;owned by Warren Buffett’s&nbsp;Berkshire Hathaway&nbsp;(ticker: BRK.A) have offered&nbsp;perks for shareholders&nbsp;in the past—but this effort follows a surge in social media sentiment in support of AMC.</p>\n<p>AMC stock (AMC) surged another 19% to $40.29 Wednesday morning—which would be its first record close since March 23, 2015, according to Dow Jones Market Data.&nbsp;&nbsp;The stock is up 233% in the past seven trading days,&nbsp;leading a broader resurgence in such highly-shorted social media darlings.</p>\n<p>Supply and demand factors like short interest and options trading activity&nbsp;have colored the moves in meme stocks&nbsp;like AMC and&nbsp;GameStop(GME) this year. Though the moves may not be based on company fundamentals, AMC has cashed in on its rise&nbsp;by selling millions of shares. That has&nbsp;provided some hope&nbsp;that the chain can last long enough to benefit from a wave of consolidation in movie theaters.</p>\n<p>During last month’s earnings call, Aron embraced the company’s social media fans. He announced he would match a $50,000 donation from AMC to the Dian Fossey Gorilla Fund—a charity popular on the WallStreetBets Reddit forum. The Reddit posters call themselves “apes,” posting memes and GIFs—like a scene in&nbsp;<i>Rise of the Planet of the Apes</i>&nbsp;where Andy Serkis’s character signs the phrase “Apes together: Strong,” a reference to the newly found collective power of retail investors in the stock market.</p>\n<p>Aron’s direct appeals to Reddit users is notable. In contrast, Ryan Cohen, the large&nbsp;GameStop&nbsp;investor and soon-to-be chairman of the company’s board, has mostly stuck to cryptic Twitter posts that are open to interpretation. That, however, hasn’t stopped some GameStop fans from predicting major news events based on frog emojis and GIFs&nbsp;from adult cartoons.</p>\n<p>On the AMCStock Reddit thread discussing the news, some commenters didn’t want to take money away from AMC by taking free popcorn. User Rickblood23 offered a solution: “Get the free popcorn and with that money buy chicken tendies,” they wrote. “Support the company and send a message.”</p>\n<p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Entertainment Loves Being a Meme Stock. Here’s How We Know.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Entertainment Loves Being a Meme Stock. Here’s How We Know.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-02 22:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amc-entertainment-meme-stock-51622644690?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC Entertainment‘s chief executive is leaning in to the theater firm’s cultlike status among social media retail investors. On Wednesday, CEO Adam Aron announced on Twitter a new rewards program for ...</p>\n\n<a href=\"https://www.barrons.com/articles/amc-entertainment-meme-stock-51622644690?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.barrons.com/articles/amc-entertainment-meme-stock-51622644690?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169651707","content_text":"AMC Entertainment‘s chief executive is leaning in to the theater firm’s cultlike status among social media retail investors. On Wednesday, CEO Adam Aron announced on Twitter a new rewards program for AMC‘s millions of stockholders, AMC Investor Connect.\nThe program is free for stockholders, and links up with the AMC Stubs Insider rewards program. Aron said on Twitter that the effort is meant to communicate often with shareholders. It will offer special rewards, starting with a free large popcorn. It isn’t exactly a new phenomenon—companies owned by Warren Buffett’s Berkshire Hathaway (ticker: BRK.A) have offered perks for shareholders in the past—but this effort follows a surge in social media sentiment in support of AMC.\nAMC stock (AMC) surged another 19% to $40.29 Wednesday morning—which would be its first record close since March 23, 2015, according to Dow Jones Market Data.  The stock is up 233% in the past seven trading days, leading a broader resurgence in such highly-shorted social media darlings.\nSupply and demand factors like short interest and options trading activity have colored the moves in meme stocks like AMC and GameStop(GME) this year. Though the moves may not be based on company fundamentals, AMC has cashed in on its rise by selling millions of shares. That has provided some hope that the chain can last long enough to benefit from a wave of consolidation in movie theaters.\nDuring last month’s earnings call, Aron embraced the company’s social media fans. He announced he would match a $50,000 donation from AMC to the Dian Fossey Gorilla Fund—a charity popular on the WallStreetBets Reddit forum. The Reddit posters call themselves “apes,” posting memes and GIFs—like a scene in Rise of the Planet of the Apes where Andy Serkis’s character signs the phrase “Apes together: Strong,” a reference to the newly found collective power of retail investors in the stock market.\nAron’s direct appeals to Reddit users is notable. In contrast, Ryan Cohen, the large GameStop investor and soon-to-be chairman of the company’s board, has mostly stuck to cryptic Twitter posts that are open to interpretation. That, however, hasn’t stopped some GameStop fans from predicting major news events based on frog emojis and GIFs from adult cartoons.\nOn the AMCStock Reddit thread discussing the news, some commenters didn’t want to take money away from AMC by taking free popcorn. User Rickblood23 offered a solution: “Get the free popcorn and with that money buy chicken tendies,” they wrote. “Support the company and send a message.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111946360,"gmtCreate":1622650740450,"gmtModify":1704188187563,"author":{"id":"3583306004602357","authorId":"3583306004602357","name":"KRISHMA","avatar":"https://static.tigerbbs.com/2eb25556374010143aec172f92a119dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583306004602357","authorIdStr":"3583306004602357"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111946360","repostId":"2140417257","repostType":4,"repost":{"id":"2140417257","kind":"highlight","pubTimestamp":1622644249,"share":"https://ttm.financial/m/news/2140417257?lang=&edition=fundamental","pubTime":"2021-06-02 22:30","market":"us","language":"en","title":"Big Tech Is More Important Than Ever With Alphabet Even Reaching New Horizons","url":"https://stock-news.laohu8.com/highlight/detail?id=2140417257","media":"IAM Newswire","summary":"With the latest earnings, it became clear that the pandemic push was just the beginning for Big Tech as Apple (NASDAQ: AAPL), Google owner Alphabet (NASDAQ: GOOG), Amazon (NASDAQ: ","content":"<p><img src=\"https://static.tigerbbs.com/c65aa5ceb42bc43bfde5fca646000095\" tg-width=\"1120\" tg-height=\"633\"></p>\n<p>With the latest earnings, it became clear that the pandemic push was just the beginning for Big Tech as Apple (NASDAQ:AAPL), Google owner <b>Alphabet </b>(NASDAQ:GOOG), <b>Amazon </b>(NASDAQ:AMZN), <b><a href=\"https://laohu8.com/S/FB\">Facebook</a> </b>(NASDAQ:FB), and <b>Microsoft </b>(NASDAQ:MSFT) were showered with money during first quarter, so much that even Wall Street that expected strong results was surprised. Although this success wasn't limited to tech titans as smaller companies such as chip designer <b><a href=\"https://laohu8.com/S/AMD\">AMD</a> </b>(NASDAQ:AMD) as well as social networks <b>Snap </b>(NYSE:SNAP) and <b>Pinterest </b>(NYSE:PINS) also delivered strong results, Big Tech showed it is on the ride of a lifetime as in every minute of the first three months of this year, Apple, Alphabet, Amazon, Facebook, and Microsoft combined sold products and services worth about $2.5 million. Profits before tax for the period came in at $88 billion which translates to more than $1 billion of profit for every working day. But with its latest venture into healthcare, Alphabet could possibly reach even new heights.</p>\n<h4>The Success Scale Of Big Tech Means They Can Rival Countries On Some Metrics</h4>\n<p>Alphabet, Apple and Microsoft combined spent $50 billion on their R&amp;D efforts in their 2018 financial years. To give you a better idea, that was equivalent to R&amp;D spending by the whole UK economy, according to the most recent data by Office for National Statistics.</p>\n<h4>Online Advertising Is Booming</h4>\n<p>Facebook said demand is so high that the average price it charges for ads rose by 30% YoY compared with the start of the pandemic. Alphabet's revenues rose by a third-year thanks to Google's advertising business. Moreover, Alphabet was also helped by fast growth in cloud services under which it offers companies access to data centers, as it thrived during the pandemic-induced home office trend.</p>\n<h4>Directing Funds Into Pushing Boundaries</h4>\n<p>Although Alphabet has scaled back some of its spending on the so-called \"moonshot\" programs, it is still investing heavily in an effort to push the boundaries of what computers can do. At the same time, it still judged that it had $50 billion lying&nbsp;around to buy back shares.</p>\n<h4>Venturing Into Health-Care</h4>\n<p>If 2020 has taught us anything, it is the importance of good health and Google didn't waste time to tap into this rapidly accelerating field as it entered into a new venture with the Tennessee-based hospital chain HCA Healthcare. Under the partnership, Google Cloud will work to develop algorithms based on the provided patient records with the aim to improve the efficiency of the provided services as well as patient outcomes. At the moment, the healthcare industry has a ton of electronic medical records that aren't being fully utilized. But harnessing them in any way that generates more empirical data that can be of use to practitioners while diminishing reliance on anecdotal evidence could truly make a difference and help patients. So, if Google can pull this off- it will be a big deal or more precisely, monumental.</p>\n<h4>Regulatory Clouds On The Horizon</h4>\n<p>Tech companies are facing increased regulatory pressures across the globe with Germany, France, and the Netherlands complaining that the EU is not tough enough on Big Tech and called on regulators to make it harder for big tech to rule the world. France fined Google 100 million for breaching rules related to online cookies or in simple words, advertising trackers. Amazon was fined 35 million euros in the same incident in December last year. According to the WSJ, Google has offered to remove the offending technical barriers for competitors to settle the antitrust lawsuit but even if it manages to settle, the tech giant is still likely to pay a fine for its practices till now. Google is also facing similar lawsuits in Texas and a class-action lawsuit over gender-based wage disparity in California.</p>\n<h4>Outlook</h4>\n<p>Since Covid-19 started its relentless march across the globe, Big Tech quickly went from a defensive mode in times of uncertainty to impressive growth. It is clear that the digital revolution is here to stay, and whether regulators like it or not, these businesses have embedded their products and services deeply in our lives. By the looks of it, Big Tech is working hard on deepening the relationship with the world's population even further.</p>","source":"lsy1622643980725","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Big Tech Is More Important Than Ever With Alphabet Even Reaching New Horizons</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBig Tech Is More Important Than Ever With Alphabet Even Reaching New Horizons\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-02 22:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://iamnewswire.com/big-tech-is-more-important-than-ever-with-alphabet-even-reaching-new-horizons/><strong>IAM Newswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With the latest earnings, it became clear that the pandemic push was just the beginning for Big Tech as Apple (NASDAQ:AAPL), Google owner Alphabet (NASDAQ:GOOG), Amazon (NASDAQ:AMZN), Facebook (NASDAQ...</p>\n\n<a href=\"https://iamnewswire.com/big-tech-is-more-important-than-ever-with-alphabet-even-reaching-new-horizons/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","AMZN":"亚马逊","09086":"华夏纳指-U","AAPL":"苹果","03086":"华夏纳指","AMD":"美国超微公司","PINS":"Pinterest, Inc.","GOOGL":"谷歌A","SNAP":"Snap Inc","QNETCN":"纳斯达克中美互联网老虎指数","MSFT":"微软","NGD":"New Gold"},"source_url":"https://iamnewswire.com/big-tech-is-more-important-than-ever-with-alphabet-even-reaching-new-horizons/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140417257","content_text":"With the latest earnings, it became clear that the pandemic push was just the beginning for Big Tech as Apple (NASDAQ:AAPL), Google owner Alphabet (NASDAQ:GOOG), Amazon (NASDAQ:AMZN), Facebook (NASDAQ:FB), and Microsoft (NASDAQ:MSFT) were showered with money during first quarter, so much that even Wall Street that expected strong results was surprised. Although this success wasn't limited to tech titans as smaller companies such as chip designer AMD (NASDAQ:AMD) as well as social networks Snap (NYSE:SNAP) and Pinterest (NYSE:PINS) also delivered strong results, Big Tech showed it is on the ride of a lifetime as in every minute of the first three months of this year, Apple, Alphabet, Amazon, Facebook, and Microsoft combined sold products and services worth about $2.5 million. Profits before tax for the period came in at $88 billion which translates to more than $1 billion of profit for every working day. But with its latest venture into healthcare, Alphabet could possibly reach even new heights.\nThe Success Scale Of Big Tech Means They Can Rival Countries On Some Metrics\nAlphabet, Apple and Microsoft combined spent $50 billion on their R&D efforts in their 2018 financial years. To give you a better idea, that was equivalent to R&D spending by the whole UK economy, according to the most recent data by Office for National Statistics.\nOnline Advertising Is Booming\nFacebook said demand is so high that the average price it charges for ads rose by 30% YoY compared with the start of the pandemic. Alphabet's revenues rose by a third-year thanks to Google's advertising business. Moreover, Alphabet was also helped by fast growth in cloud services under which it offers companies access to data centers, as it thrived during the pandemic-induced home office trend.\nDirecting Funds Into Pushing Boundaries\nAlthough Alphabet has scaled back some of its spending on the so-called \"moonshot\" programs, it is still investing heavily in an effort to push the boundaries of what computers can do. At the same time, it still judged that it had $50 billion lying around to buy back shares.\nVenturing Into Health-Care\nIf 2020 has taught us anything, it is the importance of good health and Google didn't waste time to tap into this rapidly accelerating field as it entered into a new venture with the Tennessee-based hospital chain HCA Healthcare. Under the partnership, Google Cloud will work to develop algorithms based on the provided patient records with the aim to improve the efficiency of the provided services as well as patient outcomes. At the moment, the healthcare industry has a ton of electronic medical records that aren't being fully utilized. But harnessing them in any way that generates more empirical data that can be of use to practitioners while diminishing reliance on anecdotal evidence could truly make a difference and help patients. So, if Google can pull this off- it will be a big deal or more precisely, monumental.\nRegulatory Clouds On The Horizon\nTech companies are facing increased regulatory pressures across the globe with Germany, France, and the Netherlands complaining that the EU is not tough enough on Big Tech and called on regulators to make it harder for big tech to rule the world. France fined Google 100 million for breaching rules related to online cookies or in simple words, advertising trackers. Amazon was fined 35 million euros in the same incident in December last year. According to the WSJ, Google has offered to remove the offending technical barriers for competitors to settle the antitrust lawsuit but even if it manages to settle, the tech giant is still likely to pay a fine for its practices till now. Google is also facing similar lawsuits in Texas and a class-action lawsuit over gender-based wage disparity in California.\nOutlook\nSince Covid-19 started its relentless march across the globe, Big Tech quickly went from a defensive mode in times of uncertainty to impressive growth. It is clear that the digital revolution is here to stay, and whether regulators like it or not, these businesses have embedded their products and services deeply in our lives. By the looks of it, Big Tech is working hard on deepening the relationship with the world's population even further.","news_type":1},"isVote":1,"tweetType":1,"viewCount":258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}