FAANG

‘Microsoft, Microsoft, Microsoft.’ Amazon is said to be worried about rival’s lead in productivity, business apps.

Amazon Web Services’ business-apps team talks a lot about how to catch Microsoft, a person told Insider. AWS leads in cloud infrastructure but Microsoft dominates the market for business productivity apps. It has discussed forming a “Rebel Alliance” with other software makers to compete with Microsoft. See more stories on Insider’s business page. Amazon is … Read more

‘Embrace the coming crash’: A notorious market bear who called the dot-com bust warns big tech stocks are on the verge of succumbing to the economy’s downturn

Societe Generale’s Albert Edwards says tech stocks face a downfall similar to the dot-com bust he forewarned about in the late 1990s. While acknowledging their market leadership so far during this pandemic, he warns that their prices are rising at an unsustainable pace relative to profit growth. He likened the appeal of tech stocks today to … Read more