Alphabet Outperforms Expectations, But the Market Wants More

Alphabet (Nasdaq: GOOG) recently announced its second quarter results that outpaced market expectations driven by robust performance in both the mobile and YouTube offerings. But despite the better than expected results, the stock slipped a bit as the market reconciled with the rising Traffic Acquisition Costs (TAC).

Facebook Breaking All Barriers

Facebook’s (NASDAQ: FB) user growth may be slowing down each quarter, but that is of little concern to its stock’s performance. During the recently reported quarterly results, the company outpaced all market expectations, despite a slowdown in growth, and got analysts to estimate stock price targets of more than $200.

Netflix Delivers A Stellar Quarter

Nothing appears to be blocking Netflix’s (Nasdaq: NFLX) growth as it continues to add subscriber base and deliver financial performance that outpaces market expectations. The recently reported quarterly results were no different.

Microsoft Riding High on the Cloud

According to an enterprise software survey conducted by Credit Suisse about cloud platforms, nearly 40% of those surveyed expressed Microsoft Azure as their preferred choice. That number has grown 21% over the last six months. Another survey by data analytics firm Sumo Logic also came up with a similar result. Clearly Microsoft’s (NASDAQ: MSFT) Azure

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Billion Dollar Unicorns: Ticket Monster To Invest In Groceries

South-Korea based mobile e-commerce marketplace Ticket Monster has the distinction of being acquired by two Billion Dollar Unicorns LivingSocial and then Groupon, both of which spun it out. Today, Ticket Monster continues its journey as an independent Billion Dollar Unicorn in this highly competitive market.

Okta Delivers a Strong Quarter and a Strong IPO

According to Stratistics MRC, the Global Identity & Access Management market is estimated to grow 15% annually from $7.94 billion in 2016 to $20.87 billion by 2022. Earlier this year, Identity and Access Management services provider Okta (Nasdaq:OKTA) went public. The listing of the San Francisco-based company appears to be doing well so far.

Billion Dollar Unicorns: Sales AI Startup Afiniti Considering IPO

With leading tech giants like Alphabet, Apple, and Amazon focusing more on artificial intelligence (AI), the sector is attracting much funding. According to CB Insights, over 550 startups using AI as a core part of their products raised $5B in funding in 2016. Afiniti is one such startup that has become a Billion Dollar Unicorn.

Billion Dollar Unicorns: DraftKings Faces Hurdles

According to Juniper Research, the entry fee revenues in the fantasy sport industry are estimated to grow from $2.6 billion in 2016 to $5.3 billion by the year 2020. However, the industry is witnessing several legal and regulatory concerns that have slowed down the growth of Billion Dollar Unicorn DraftKings.