Recently listed Nutanix (NASDAQ: NTNX) announced its first quarterly results after it went public in October this year. The results surpassed market expectations, but did little to improve the stock’s performance.
According to a MarketsandMarket report, the global video streaming market is estimated to grow from $30.29 billion in 2016 to $70.05 billion by 2021, translating to an annualized growth rate of 18.3% over the five year period. In the US, according to a Statista report, YouTube dominates the market with 77.6% streaming share, followed by Netflix at 8.6%. Hulu comes in a distant third with 2.2% market share. But Billion Dollar Unicorn Hulu is going all guns blazing to increase its share.
We recently looked at the five horses in tech: Google (Alphabet), Apple, Facebook, Amazon, and Microsoft who are fighting for dominance of Techdom. Let us now look at some large acquisition prospects that can shake up the odds in the race. >>>
Recently SaaS-based enterprise application services provider Workday (NYSE: WDAY) announced its lackluster quarterly results. Workday appears to be getting bogged down by political conditions coupled with increasing competition from other vendors. To top it all, profits are still not visible. The market is surely not pleased with its forecast.
The poster child of ride-sharing, Uber is the most valued private company with a valuation of over $60 billion. It has recently been investing heavily in self-driving cars. Early this month, it made its second acquisition in this field. >>>
Over the past decade, streaming has seen a dramatic rise as a dominant form of music listening. Tech giants like Amazon and Apple have launched their own paid streaming services. Against this backdrop, Spotify is preparing to go public and Pandora, which is feeling the heat. >>>
Twilio (NYSE: TWLO) was one of the first successful tech IPOs this year. But its stock has been on a rollercoaster ride. Its share price shot up from $15 to $71 within a very short timeframe. However, over the past few months, it has seen a downward trend. >>>
According to eMarketer, about 8.7% of retail commerce all over the world is expected to be conducted online in 2016. While retail commerce is expected to grow 6%, online commerce is expected to grow much faster at 23.7% in 2016. The fast growth in online sales is the primary reason for the skyrocketing valuation of Billion Dollar Unicorn Club member Stripe, which facilitates payments over the Internet. >>>