Monday’s Headlines: Amazon Brings In More Green

Monday’s Headlines: Amazon Brings In More Green

Here were the biggest movers in the MyWallSt shortlist on Friday:

Moving Up ⬆️

Calavo Growers (CVGW) +11.4%

ShotSpotter (SSTI) +10.4%

Redfin (RDFN) +5.6%

Teladoc (TDOC) +5.2%

2U (TWOU) +4.8%

Moving Down ⬇️

Copart (CPRT) -5.5%

Ericsson (ERIC) -2.8%

PayPal (PYPL) -2.3%

Cognex (CGNX) -2.3%

Facebook (FB) -2.2%

1. Top brands are fighting to get the top spot on Amazon’s (AMZN) result page as the e-commerce giant piles on more sponsored advertisements. In a bid to bring in more ad revenue, Amazon has increased the number of paid ads on its platform from three to as many as six. The company is receiving hefty revenue from big brands that are willing to pay a rising price tag to get the valuable placement on the largest e-commerce site in the world. Ad sales make up the majority of Amazon’s “other” sales category, which was its fastest-growing segment in Q2 with revenue jumping 87% from a year earlier to over $7.9 billion, so this move will further bump sales for the company in Q3. Check out the full story here

2. As if we didn’t know streaming was winning, the Emmy Awards proved it on Sunday night. Netflix’s (NFLX) ‘The Crown’ won best drama, giving it the top prize for the first time, while ‘The Queen’s Gambit’ won best limited series. Netflix has earned more than 100 nominations over the past four years, yet last night was the first time it had won the top prize in any category. Netflix won 44 awards, more than any other network on the night proving to shareholders that the spend on original content has paid off. Apple (AAPL) also won more trophies than any major broadcast network while rival Disney {DIS)+ received more than ABC, again proving the dominance of streaming in the entertainment space. Read the full story here

3. Tesla (TSLA) is getting ready to expand its controversial Full Self-Driving (FSD) Beta program. The move will offer drivers a download button giving them new versions of its software, even though it hasn’t been debugged yet. CEO Elon Musk, who previously called the FSD Beta software version “not great,” cautioned on Friday that it is now so good it can give drivers a false sense of security in which they think they don’t need to pay attention when driving. Musk has been promising fans this download button for the last six months but Tesla has stated that, before getting access to it, users must prove they are good drivers by requesting “permission to assess driving behavior using Tesla insurance calculator.” See the full story here.

NicoleNicole

Sign up for free to continue reading.