Weekly Highlights: Apple-Tesla Merger, iPhone Sales Double In Russia, Facebook Buys WhatsApp And More
This was quite a week in technology.
It started with unbelievable rumors surrounding Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL), and concluded with an announcement involving Facebook (NASDAQ: FB) and a multi-billion-dollar acquisition.
Rumors of a new Apple TV also resurfaced.
Spotfiy could go public, or so a mysterious (no, obvious!) ad claims.
Groupon (NASDAQ: GRPN) disappointed investors -- again.
iPhone sales doubled in Russia.
And Netflix (NASDAQ: NFLX) scored big with the second season of House of Cards.
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this slideshow.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Facebook Acquired WhatsApp
Facebook's (NASDAQ: FB) latest acquisition is by far the biggest story of the week.
And it could end up being the biggest acquisition of the entire year.
On Thursday, it seemed like CNBC couldn't go 10 minutes without talking about the fact that Facebook paid at least $16 billion for a texting app.
WhatsApp is already very successful with more than one million registered users added every day. The Facebook acquisition has provided the app with invaluable publicity which could help WhatsApp grow even faster.Image Source: Wikimedia Commons
Apple And Tesla Could Be "Phenomenal" Together
What would an Apple-Tesla union mean for investors?
Chris Camillo, a self-directed investor and author of Laughing at Wall Street, knows that it is unlikely that these two firms would ever merge.
But if they did, the results would be unforgettable.
"I think it would be phenomenal," Camillo told Benzinga. "I think that would be a huge story for Apple."Image Source: Wikimedia Commons
Tesla Won't Satisfy Chinese Demand In 2014
Tesla may be unable to satisfy demand in China this year.
Company CEO Elon Musk told investors about the challenge in serving this growing market.
"It seems unlikely that we'll be able to satisfy demand in China this year," Musk said during an earnings call.
In other words, Chinese customers should order a Model S before it's too late.Image Source: Wikimedia Commons
iPhone Sales Double In Russia
New Apple TV Coming Soon?
Spotify IPO Rumors Resurfaced
Groupon Reports Positive Growth, But Not Enough To Attract Investors
Investors abandoned Groupon again this week after the company reported its fourth quarter results.
The daily deals giant has shown signs of improvement over the last few quarters, but between the weak guidance and the fear over where Groupon is headed next, investors had no desire to stick around.
On Thursday, February 20, shares of Groupon fell more than 11 percent.Image Source: Wikimedia Commons
Is Netflix's 'House of Cards' Investment Paying Off?
Netflix reportedly paid $100 million for the first two seasons of House of Cards.
The streaming video giant spent that money with the dream of becoming the next HBO.
Did it work? No one knows for sure, but the firm is showing promise.
A large number of subscribers watched at least one episode House of Cards on Valentine's Day.Image Source: Wikimedia Commons
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The preceding stories were just the beginning. Check out these other hot tech stories right here on Benzinga.
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