Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google (GOOGL) — consumer Internet giants collectively known as FANG — all got bit on the stock market today, extending recent losses. CNBC analyst Jim Cramer coined FANG a few years ago. Facebook fell 1.9% to close at 88.15 Thursday. The stock is attempting to get above its 50-day moving average amid continued market volatility. It has an IBD Composite Rating of 98 out of 99, meaning it trades
Verizon Communications (VZ), stocking up on mobile advertising technology following its purchase of AOL in June, on Thursday said it had reached an agreement to acquire Millennial Media for around $250 million. Verizon’s acquisitions of AOL and Millennial Media put it in competition with Google (GOOGL) and Facebook (FB), which dominate the mobile ad market. Speculation that Verizon would buy Millennial Media (MM) surfaced in early July. In Q2,
Already facing antitrust charges from Europe’s competition authorities, search leader Google (GOOGL) might be the target of new civil lawsuits claiming the company abused its market dominance in Europe to favor its own services over those of its rivals. An international law firm, Hausfeld, and a European public affairs company will announce Tuesday that they have teamed up to open an online platform to help companies sue Google for financial