Apple Web TV Hits Pause, Akamai Stock Nears A Low

By | December 9, 2015

Scalper1 News

Akamai Technologies (AKAM) stock flirted with a 13-month closing low on Wednesday amid reports that key customer Apple (AAPL) has shelved its plans for a Web TV service because of stalled talks with media companies. Akamai has been making big Internet investments in anticipation of growth in online video traffic from Apple as well as other customers. Cambridge, Mass.-based Akamai is the biggest provider of CDN (content delivery network) services Scalper1 News

Scalper1 News