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Tech stocks charge ahead | MoneyWeek

© Amazon The pandemic has “catapulted” Big Tech to new heights, says The Wall Street Journal. Apple, Microsoft, Amazon, Facebook and Google-owner Alphabet have all reported record revenue growth in the first quarter of this year. Apple sold $47bn of iPhones during the quarter, a 66% year-on-year jump. Google’s advertisement sales rose by 32% on the year to $45bn. Combined, these five firms are now worth over $8trn, nearly one-quarter of the total value of the S&P 500. The big five took i...
United States Eric Savitz David Brenchley Wall Street Google Owner Alphabet Richard Waters

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RingCentral Takes on Zoom and Slack's Hold Over Meeting Culture

Order Reprints Illustration by Elias Stein Give RingCentral credit: It has guts. The company, a provider of cloud-based communications services, is launching RingCentral Glip, a video and chat app that competes not only with Zoom Video Communications, but also Cisco Webex (which recently announced its own upgrades), Microsoft Teams, and Google Hangouts, plus collaborative software provider Slack Technologies. RingCentral bought Glip in 2015, when it was primarily a collaborati...
United States Anand Eswaran Eric Savitz Ringcentral Glip Joe Biden Elias Stein

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