Facebook (Nasdaq: FB) recently announced its fourth-quarter financials that sent its stock plummeting. The company suffered its biggest one-day wipeout ever with its stock sliding 26%, wiping out more than $230 billion of its market value. The company actually reported the first-ever user decline in 18 years, causing the big upheaval. Also, Apple has tightened the privacy screws on Facebook, taking away serious targeting capabilities. Most likely, a lot more grief is on the way for the company as EU privacy rules also start to kick in gear on privacy issues.
>>>Google (Nasdaq: GOOG) reported its fourth-quarter results earlier this week that continued to outpace market expectations. While it saw significant growth across most of its segments, its Cloud growth was impressive. The company is investing in AI capabilities and released several new products during the quarter.
>>>Earlier last week, Microsoft (Nasdaq: MSFT) announced its second-quarter results that continued to outpace market expectations. Microsoft recently announced its biggest acquisition yet as it changes gears to address the global gaming market.
>>>Earlier last week, Apple (Nasdaq: AAPL) announced its first-quarter results that surpassed market expectations. If there were any concerns about supply chain issues hurting Apple, they were soon dispelled as the company reported record-level sales across most of its segments.
>>>Recently Atlassian (Nasdaq: TEAM) reported its second-quarter results that continued to surpass estimates. The company is focusing on building its AI capabilities through acquisitions and partnerships with other smaller ventures.
>>>The IT Service Management (ITSM) applications market is expected to reach $6.8 billion by 2025, from $6.3 billion in 2020. ServiceNow (NYSE:NOW), one of our picks for 25 Cloud Stocks to BUY for 2022, remained the largest vendor in the space with a 40% market share, followed by Atlassian and LogMeIn. Recently, it reported its fourth quarter results that continued to outpace market expectations.
>>>The Big Blue (NYSE: IBM) recently reported stellar fourth-quarter results. IBM’s performance had been declining for a while. But it appears to have made a rebound with the company delivering three straight quarters of positive growth.
>>>Non-life insurance market in India is expected to grow 14% in fiscal 2022 from INR 1.98 trillion (~$27 billion) in fiscal 2021 driven by the influx of private insurers in the sector. But despite the market size, currently, only a fraction of the nation’s 1.3 billion people have access to affordable, sizable policies. Acko is a leading non-life insurance player in the country that recently entered the unicorn club.
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