Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

Thibault
Lemler

Junior Analyst
Advertisement
By the same author
More articles

TECH POINT: Blue Origin, Amazon, Tesla, Google, Microsoft, Cryptos

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/20/2018 | 10:20am EDT

Here is a quick recap of tech-related news that has drawn our attention this week.

Blue Origin. Virgin Galactic’s competitor unveiled the price of its ticket to space. But it’s not any competitor, Blue Origin is a space tourism company which was founded by the billionaire Jeff Bezos. Its passengers will float in space for a few minutes before landing on earth. Cost? From $200,000 per person. The 18 meters rocket will board six passengers up to 100 km in the atmosphere at a Mach 3 speed. If everything is fine, flights will start in 2019.
On Thursday, the company proceeded to its ninth rocket launch test and passed it with success. Capsule abort and rocket came back on earth as planned. It was livestreamed, in case you missed it, here it is:


Amazon. Despite website bugs, sales during Prime Day were better than last year. According to Bloomberg, they increased by 40% to reach more than $3.4 billion. Nevertheless, we don’t know the cost of the 15 minutes bug on sales. But we can estimate that 15 min of sales in such an important day is equivalent to $35 million.

Tesla. 100 Powerwalls in South Australia. After the largest on-grid battery storage in the world, the state is going to have the largest virtual power plant. It will be powered by solar panels, installed for free by Tesla on roofs. The energy produced will be stored in Powerwalls, before being sent to the grid. The company already installed 100 systems out of the 50,000 planned by 2022. The project is subsidized by the state.

Crypto point. #1 The word largest asset manager Blackrock has set up a working group to explore how they can take advantage of cryptocurrencies and blockchain. #2 Coinbase tweeted that it is exploring the addition of several assets in its exchange platform. #3 Illegal crypto betting website was shutdown in China. Total bets reached $1,5 billion for the world cup. #4 Messaging app Kik launched a beta app to manage its own cryptocurrency. The company has more than 300 million users and raised $200 million.

Google. Brussels is angry, it blames the company for abuse of its operating system dominant position to put forward its own apps and search engine. Google was fined $5 billion. Meanwhile, the company wants to build its own undersea cable that will span from Virginia Beach in the US to the Atlantic coast of France to improve its cloud activities.

Microsoft. 100 billion, done! The company founded in 1975 has had to work for 43 years to reach this point, $100 billion revenues in one year. The group has chosen to move into dematerialized computing since its new CEO Satya Nadella arrived in 2014. Winning strategy that leads today’s business growth. Cloud revenues represent 30 billion and jumped 53% more than last year, with global revenues of 110 billion. That’s not all, Microsoft recently signed a few contracts with large companies, like Walmart (500 billion revenues), to accelerate digital transformation.

San Francisco. Impossible to find shared electric scooters. Earlier in March, Bird, Lime and Spin deployed their scooters in the streets without permission. Result: it is now impossible for startups to deploy their fleet without having a permit. Twelve companies applied for it and some will start receiving those permits in august. However, the city will allow no more than 2,500 electric scooters on the streets.
 
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET -1.56% 1099.29 Delayed Quote.6.87%
AMAZON.COM -0.57% 1902.04 Delayed Quote.27.25%
BLACKROCK INC. -0.83% 459.23 Delayed Quote.17.97%
MICROSOFT CORPORATION -1.54% 135.49 Delayed Quote.34.85%
TESLA INC. -0.42% 222.0441 Delayed Quote.-32.80%

Thibault Lemler
© MarketScreener.com 2018
share with twitter share with LinkedIn share with facebook
share via e-mail
0