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FAANG Report: Trump claims Google suppressing good news about him; Amazon in new Canada prime plan

Facebook, Google and even Warren Buffett's Berkshire Hathaway are chasing a US$1tn payments market in India

The Google search function.
Trump accused Google of hiding good news about his administration

US President Donald Trump accused Alphabet Inc's Google (NASDAQ:GOOG) in a tweet of suppressing good news about his administration, echoing a claim that first appeared in right-wing media, a report in the Verge said. 

Trump said Google and others were “hiding information and news that is good,” and said that this was a “very serious situation” that “will be addressed.”

Google strongly rejected Trump's accusation.

"Search is not used to set a political agenda and we don't bias our results toward any political ideology," Google said in a statement.

Larry Kudlow, Trump's economic adviser, said the administration is "taking a look" whether Google's searches should be regulated by the government, The Washington Post reported.

Google's shares were weaker by 0.4% at US$1,236.78.

READ: Microsoft is about to announce Xbox All Access subscription

Amazon (NASDAQ:AMZN) Canada introduced a new monthly Prime membership option which is aimed at giving users another way to enjoy Prime benefits, the Erie News Now reported.

At CS$7.99, the monthly option gives Prime Members in Canada an alternative to the existing annual membership which is C$79. 

The rate of signups has expanded in Canada, with the number of Prime members doubling in the last 18 months, the report said.

Amazon stock slipped 0.5% to US$1,936.50.

Facebook Inc (NASDAQ:FB) and Google are chasing a new US$1tn payments market in India, Bloomberg said in a report.

Warren Buffett's Berkshire Hathaway Inc has joined the battle to win users in India by acquiring a stake in the company behind payments leader Paytm, the report added.

A string of new apps have made payments increasingly easy and the discounts and cash bonuses they offer are irresistible to young, urban users.

Facebook shares were up 0.08% to US$177.60.

READ: Tesla is a ‘hope stock’ that is ‘just not real,’ fund manager says

The latest price increases in Netflix (NASDAQ:NFLX) may have scared away low-income consumers, a report by Variety said.

The report said growth among low-income users for Netflix has stalled while other paid streaming services have continued to add new users.

Netflix shares were off 0.09% to US$364.27.

Shipments of Apple's (NASDAQ:AAPL) 2018 iPhones are expected to be the highest since hitting a peak with the iPhone 6, 9to5 Mac reported.

Analysts believe that the new 5.8-inch iPhone X will drop by US$100, starting at US$899. The 6.5-inch would then become the new US$999 iPhone, with upgraded storage options.

Shares of Apple were higher by 0.78% to US4219.65.

 

 

 

 

 

 

 

 

 

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