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Author: Beth Kindig

Beth Kindig has published over 700 articles in the last 6 years exclusively on technology and startups. She has held product marketing and developer evangelist roles at tech companies representing products in data, security, internet of things, connected cars, connected home, mobile, encryption, health care, and finance tech. Her articles have been featured in Venture Beat, MediaPost, AdExchanger, and the International Association of Privacy Professionals. She has written over 30 reports and whitepapers on enterprise technologies. She has been a speaker at Android Developers Conference, GamesBeat, Advertising Week NYC, Tech Week and more.

Top Tech Stock News: 7 Things You Missed This Week

  1. Amazon Altered Search Algorithms to Promote Certain Products Amazon.com Inc. reportedly altered its product search system to better feature items which are more profitable for the company. According to reports, Amazon had apparently optimized its search algorithm late last year, so that instead of showing the most relevant and best selling items, it will instead promote items which are most profitable to the company. The move to change the search algorithm was the result of several years of discussions with Amazon’s Seattle retail interests, which supported the changes, and the company’s California-based search team, who opposed it. Any…

The path to profitability for Uber and Lyft looks more like a dead end

The ride-sharing companies are subsidizing rides and overspending on technology, and soon their very business model may be upended in California. Ride-share company earnings prove that if you lower the bar to the ground, it’s easy to leap over. Uber UBER, -1.28%  and Lyft LYFT, +1.42%  each reported staggering losses recently, yet the reports were delivered with positive spins. Lyft released “record second-quarter results” while losing roughly the same amount of money as in previous years. Lyft’s improving loss guidance was meant to look attractive at $850 million to $875 million per year, compared with the $1.15 billion-$1.175 billion previously forecast. But that amount is higher…

How to pick long-term stock winners in cloud computing

Cloud software stocks suffered a reversal that has produced losses of close to 50% from record highs. The story for those stocks hasn’t changed, but the valuations have, and that could be a good thing for investors who know what they own. The biggest risk for investors in cloud stocks isn’t the losses that have pummeled prices over the past two weeks, but rather the big reversal that may scare them away from the sector. It’s painful to watch large declines in stocks, yet nobody wants to miss out on a potential 10-bagger either. When the market rewards, and penalizes,…

Top Tech Stock News: 7 Things You Missed This Week

Uber Announces New Layoffs Amidst Financial Difficulties Uber recently announced another round of layoffs this Tuesday. The multinational transportation network company plans to let go of 435 people from its product and engineering team, or 8% of the total workforce. The layoff was the result of Uber’s poor second quarter performance, which included around $5.2 billion in net losses. “While certainly painful in the moment, especially for those directly affected, we believe that this will result in a much stronger technical organization,” an Uber spokesperson said. The planned layoffs will not only affect Uber personnel in the United States, however.…

Top Tech Stock News: 7 Things You Missed This Week

1. Netflix to Change Its Service Model Netflix is changing its service model. Starting this October, the company will no longer release all of the episodes of certain TV shows in one go. Instead, they plan to release groups of episodes each week. Netflix executives hope that this new strategy will not only provide more value to their customers, it will also allow them to compete more effectively with Hulu, Disney+ and Apple TV. The idea behind the new model is that viewers benefit from watching shows that don’t spoil their own endings. By releasing chunks of episodes per week,…

Slack’s missteps have now made the stock a ‘buy’ at the right price

Slack Technologies is the fastest-growing software-as-a-service (SaaS) company of all time and a Silicon Valley favorite, yet the direct public offering (DPO) clearly did not go well for public investors. The shares WORK, +8.03%  opened at $38.50 on June 20, rose to $42 intraday, and have now sunk to a record-low of $26.25 in after-market hours leading into its first earnings report as a public company. The losses are at 36% from its intraday high, and that occurred when many cloud-software initial public offerings (IPOs) have enjoyed triple-digit returns since going public. So what went wrong? And, more importantly for growth investors, will…

Top Tech Stock News: 5 Things You Missed This Week

Below is a review of tech stock news for the week ending August 30th: 1. The Trade Desk (TTD) President and CEO Sells $74.4 Million Worth of Shares The Trade Desk (TTD) President and CEO Jeffrey Terry Green recently sold 288,000 TTD shares at $258.27 per share for a total of $74.4 million. The sale was done on August 23. For context, The Trade Desk has a total market cap of around $11.28 billion, with each share traded at around $250.86. TTD specializes in providing self-service, online advertising solutions for businesses that want to manage their own advertising campaigns using…

Okta Earnings: More to Squeeze From Valuation?

Okta is fundamentally weaker than many analysts believe, making its booming stock priced to perfection. The company was early out of the gate for cloud-subscription IPOs in 2017, and the valuation has reaped the benefits of Wall Street’s enthusiasm for subscription models. However, a reasonable price to initiate Okta as a buy-and-hold investment is now in the rearview mirror, rendering it a momentum play. That will be important for investors when they review its earnings report for the three months through July after the stock market closes Wednesday. Okta’s stock dropped 10% on weakening guidance for both revenue and earnings per…

What Happened to Splunk Last Week? Earnings Review

Splunk Inc’s (NASDAQ: SPLK) shares are currently trading at $118.46 which represents flat gains over the past 12-months basis compared to the broader market returning flat gains over the same time frame. Second-quarter earnings were reported on Wednesday and the question of weakening cash flow is taking center stage. Splunk Overview Splunk is a hybrid cloud computing company that harnesses the power of artificial intelligence to offer data analytics solutions to a variety of organizations. The company is one of the leaders in the big data analysis and security space, which according to Statista is expected to grow from roughly $42 billion…

Tech Stock News: 7 Things You Missed This Week

1. Amazon Calls on India to Reduce Ecommerce Restrictions Amazon executive Amit Agarwal recently told Reuters that India needs to reduce red tape and encourage ecommerce if it is to overcome sluggish domestic growth. “There is so much opportunity to just let ecommerce thrive versus trying to define every single guard rail under which it should operate,” Agarwal said. Agarwal’s comment was directed at India’s latest ecommerce laws which limits Amazon and Walmart’s ability to operate in the country. Pushing back on these new legislations, he emphasized Amazon’s role in helping small and medium enterprises in the country by enhancing…