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Weekly Comic: Apple, Google & Facebook take over the world

Published 07/28/2016, 09:49 AM
Updated 07/28/2016, 09:49 AM

Investing.com - This week’s comic touches on what is happening in the U.S. tech sector, with many of the big players reporting earnings, most notably, Facebook (NASDAQ:FB), Apple (NASDAQ:AAPL), Google and Twitter (NYSE:TWTR), as well as the sale of Yahoo (NASDAQ:YHOO) to Verizon for $4.8 billion.

Facebook joined the high-profile winners of the quarter after reporting second quarter revenue and user growth that exceeded estimates after Wednesday's closing bell. Shares spiked as much as 8% in wake of the upbeat results.

On Tuesday, Apple said it sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts' targets, sending its shares up almost 7% in response.

The focus now falls on Google’s parent company Alphabet (NASDAQ:GOOGL), which is due to report quarterly results after Thursday's closing bell.

On the downside, Twitter plunged after the social media network reported its slowest revenue growth since going public in 2013 on Tuesday and set a disappointing forecast for the current period.

Finally, Verizon Communications (NYSE:VZ) agreed to pay $4.8 billion to acquire Yahoo in a deal announced earlier this week, ending months of uncertainty about the troubled internet company's future.

To see more of Investing.com’s weekly comics, visit: http://www.investing.com/analysis/comics

Latest comments

FB, Google, ... they are far, far overvalued. Also P/E for other IT players are streched far out
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