Indian Cab Aggregator Ola Cabs’ Ride Getting Bumpy

According to a report from the Internet and Mobile Association of India and market research firm IMRB International, overall Internet penetration in India is currently around 31% with 60% penetration in Urban India. The number of Internet users in India was expected to reach 450-465 million by June 2017, up 4%-8% from 432 million in December 2016. Another report by research firm Counterpoint estimated that India’s smartphone user base grew 18% to over 300 million in December 2016. Increasing Internet and smartphone penetration are fuelling the growth story of Indian Billion Dollar Unicorns like Ola Cabs. >>>

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IBM At 52-Week Low

IBM (NYSE: IBM) has reported revenue decline for 21 straight quarters now. It has tried its hand at disruptive technologies like Blockchain, cloud and security, artificial intelligence (AI), and Internet of Things (IoT). But nothing seems to be working yet. >>>

Are Twitter’s Days Numbered?

Twitter’s (NYSE: TWTR) future continues to look bleak. The financial performance in the recently announced quarterly results may have outpaced market expectations, but other metrics failed to impress. Twitter hasn’t figured out how the social and mobile worlds can be leveraged to deliver a growing business venture.

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Apple Surges to Record High Levels

Earlier this week, Apple (NASDAQ: AAPL) announced a stellar quarter. Not only did it manage to turnaround the declining iPad sales, but it also promised a better outlook. The performance helped send the stock to record high levels.

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Amazon Going all Guns Blazing

It has been a busy quarter for Amazon (NASDAQ: AMZN). Earlier last month, Amazon announced a $14 billion acquisition of high-end grocery store Whole Foods. It was a surprising addition for the company, and its biggest one to date. But, first the earnings, which missed analyst expectations and sent the stock below its $1,000 milestone.

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Alphabet Outperforms Expectations, But the Market Wants More

Alphabet (Nasdaq: GOOG) recently announced its second quarter results that outpaced market expectations driven by robust performance in both the mobile and YouTube offerings. But despite the better than expected results, the stock slipped a bit as the market reconciled with the rising Traffic Acquisition Costs (TAC).

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Facebook Breaking All Barriers

Facebook’s (NASDAQ: FB) user growth may be slowing down each quarter, but that is of little concern to its stock’s performance. During the recently reported quarterly results, the company outpaced all market expectations, despite a slowdown in growth, and got analysts to estimate stock price targets of more than $200.

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Netflix Delivers A Stellar Quarter

Nothing appears to be blocking Netflix’s (Nasdaq: NFLX) growth as it continues to add subscriber base and deliver financial performance that outpaces market expectations. The recently reported quarterly results were no different.

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Microsoft Riding High on the Cloud

According to an enterprise software survey conducted by Credit Suisse about cloud platforms, nearly 40% of those surveyed expressed Microsoft Azure as their preferred choice. That number has grown 21% over the last six months. Another survey by data analytics firm Sumo Logic also came up with a similar result. Clearly Microsoft’s (NASDAQ: MSFT) Azure focus is bearing fruit. It is also evident in its latest financial results.

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Billion Dollar Unicorns: Ticket Monster To Invest In Groceries

South-Korea based mobile e-commerce marketplace Ticket Monster has the distinction of being acquired by two Billion Dollar Unicorns LivingSocial and then Groupon, both of which spun it out. Today, Ticket Monster continues its journey as an independent Billion Dollar Unicorn in this highly competitive market. >>>