Today's video focuses on recent news affecting technology stocks. Here are some highlights.
- Gaming is a market that many big tech companies are pursuing. Netflix (NASDAQ: NFLX) recently acquired another gaming studio to increase its catalog of casual games. Unfortunately for U.S. consumers, price hikes for Netflix are expected to go live in the next few weeks as the company continues to build its entertainment library.
- Amazon (NASDAQ: AMZN) is another big tech company having a strong gaming year, releasing two popular titles, New World and Lost ARK. Unfortunately, Mike Frazzini, the boss of Amazon's gaming studio, is stepping down to spend more time with family.
- Shopee, the e-commerce business of Sea Limited (NYSE: SE), has reported terminating its India operations only a few months after ending its operations in France. The stock price was down on the news, as management mentionedglobal marketuncertainties were a driving force for the decision. It is important to note that Shopee had only launched an initiative operation in India.
- Coinbase (NASDAQ: COIN) stock popped on Monday in response to reports that it is closing on a deal to acquire 2TM, the parent of Mercado Bitcoin, a Brazilian cryptocurrency brokerage. Mercado Bitcoin has grown in popularity and even received investments for Mercado Libre (NASDAQ: MELI) in early January 2022.
Click the video below for my full thoughts and analysis.
*Stock prices used were the premarket prices of March 28, 2022. The video was published on March 28, 2022. 10 stocks we like better than Sea Limited They just revealed what they believe are the ten best stocks for investors to buy right now... and Sea Limited wasn't one of them! That's right -- they think these 10 stocks are even better buys. *Stock Advisor returns as of March 3, 2022
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Jose Najarro owns Advanced Micro Devices, Coinbase Global, Inc., MercadoLibre, Nvidia, Qualcomm, and Sea Limited. The Motley Fool owns and recommends Advanced Micro Devices, Amazon, Apple, Coinbase Global, Inc., MercadoLibre, Netflix, Nvidia, Qualcomm, and Sea Limited. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
