A lot of attention is currently on Amazon (AMZN), Alphabet (GOOGL) and Microsoft (MSFT), but there’s another tech giant that hit a new high in the stock market today: Facebook (FB). Facebook on Thursday announced that it had updated its search feature by indexing trillions of posts. The social networking giant says that this is a way to track the discussion of news events in real time. It helps Facebook better compete with Alphabet’s Google unit
Search leader Google, owned by parent company Alphabet (GOOGL), collected at least 19 price-target boosts on Friday and saw its stock soar as Wall Street cheered the company’s Q3 earnings beat late Thursday, fueled by an acceleration in paid clicks on the company’s ads, strength in its YouTube video business and momentum from a new $5 billion share buyback. Google stock was up nearly 8% in early afternoon trading in the stock market today, near
Google parent Alphabet late Thursday easily beat Q3 earnings and sales estimates, fueled by mobile search revenue, YouTube and programmatic ads. Earnings before various items rose 16% to $7.35 a share, the second straight quarter of accelerating growth. FactSet expected $6.98; analysts polled by Thomson Reuters had forecast $7.21. Alphabet (GOOGL) revenue minus traffic acquisition costs, or what it pays other sites to carry its