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Top 12 Internet Content & Information Industry Stocks You Can’t Ignore In 2020

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Internet Content Industry‘s main goal is to provide people with the necessary information they are looking for. This industry is continuously adopting new technological changes and changing its standards. Content has been available online ever since the early days of the Internet. But this industry is entering into a new era of growth. This industry is earning revenue in two ways. Some provide free content and charge for selling advertisements at their site. And other demand charges for their content.

More than 4.5 billion people now used the internet around the globe. And nearly 60% population of the world is already online. The major challenge of this industry is to provide people authentic information and must ensure that everyone around the world has fair and equal access to all the content and information they are looking for on the internet.

Check out these 12 companies in the Internet Content & Information Industry to see how these companies are providing the necessary information to people around the globe:

Uxin Limited (NASDAQ: UXIN)

Uxin Limited (NASDAQ: UXIN) shares were trading down -5.04% at $1.13 at the time of writing on Tuesday. Uxin Limited (NASDAQ: UXIN) share price went from a low point around $0.72 to briefly over $3.80 in the past 52 weeks, though shares have since pulled back to $1.13. UXIN market cap has remained high, hitting $334.37M at the time of writing, giving it a price-to-sales ratio of more than 2.

Uxin Limited (UXIN) disclosed that it has separately signed a definitive agreement with two investors. As per the agreement, Uxin will issue and sell an aggregate of 84,692,839 Class A ordinary shares to these investors through private placements for an aggregate purchase price of approximately US$25,000,000. If we look at the recent analyst rating UXIN, JP Morgan downgraded coverage on UXIN shares with a Neutral rating.

Pinterest Inc. (NYSE: PINS)

Pinterest Inc. (NYSE: PINS) shares headed falling, lower as much as -1.09% after Pinterest has announced that it has appointed Salaam Coleman Smith to Board of Directors. Salaam Coleman Smith is the former Executive Vice President of Programming and Strategy at Disney’s ABC Family and Freeform and former President of Comcast NBCUniversal’s Style Media. The most recent rating by Guggenheim, on September 28, 2020, is at a Buy.

Snap Inc. (NYSE: SNAP)

Snap Inc. (NYSE: SNAP) last closed at $28.45, in a 52-week range of $7.89 to $29.08. Snap Inc. has announced the Third Quarter 2020 Financial Results. Analysts have a consensus price target of $26.87. Snap Inc. (SNAP) has reported that the Operating cash flow improved by $21 million to $(55) million in Q3 2020, compared to the prior year, and the Free Cash Flow improved by $15 million to $(70) million in Q3 2020, compared to the prior year.

Facebook Inc. (NASDAQ: FB)

Facebook Inc. (NASDAQ: FB) stock soar by 2.36% to $267.56. The most recent rating by MoffettNathanson, on September 29, 2020, is at a Buy. It has revealed that Facebook Inc. (FB) has started to test a Nextdoor clone, Neighborhoods, which suggests Facebook-generated Neighborhood groups local to you to join to connect with people, activities, and things being sold in the area.

Twitter Inc. (NYSE: TWTR)

Twitter Inc. (NYSE: TWTR) rose 1.16% after gaining more than $0.53 on Tuesday. Twitter Inc. (TWTR) has announced a few days ago that it has decided to change its Hacked Materials Policy against a controversial article that included potentially damaging allegations against U.S. presidential candidate Joe Biden.

DouYu International Holdings Limited (DOYU)

DouYu International Holdings Limited (DOYU) last closed at $15.18, in a 52-week range of $6.11 to $17.85. Analysts have a consensus price target of $16.28. Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has earlier started an investigation into whether the board members of DouYu International Holdings Limited (DOYU) breached their fiduciary duties or violated the federal securities laws in connection with the company’s merger with HUYA Inc.

Tencent Music Entertainment Group (NYSE: TME)

Tencent Music Entertainment Group (NYSE: TME) stock drop by -0.99% to $14.01. The most recent rating by Needham, on September 24, 2020, is at a Buy. Tencent Music Entertainment Group (TME) has announced its partnership with World Wide Fund for Nature (WWF) and Beijing Youcishan Culture Media Co. Ltd to launch a music and art exhibition, dubbed “All Creation: Encounter with Animals”, at Beijing’s UCCA Center for Contemporary Art.

Yandex N.V. (NASDAQ: YNDX)

Yandex N.V. (NASDAQ: YNDX) shares headed falling, lower as much as -1.44%. The most recent rating by BofA Securities, on September 23, 2020, is at a Neutral. Yandex N.V. (YNDX) has announced that it has scheduled to share the financial results for the quarter ended September 30, 2020, on Wednesday, October 28, 2020.

Twilio Inc. (NYSE: TWLO)

Twilio Inc. (NYSE: TWLO) fall -6.13% after losing more than -$20.21 on Tuesday. Twilio Inc. (TWLO) has earlier revealed that it has entered into a definitive agreement to acquire Segment for approximately $3.2 billion in Twilio Class A common stock, on a fully diluted and cash-free, debt-free basis. The transaction is expected to close in the fourth quarter of 2020.

iQIYI Inc. (NASDAQ: IQ)

iQIYI Inc. (NASDAQ: IQ) last closed at $22.51, in a 52-week range of $14.51 to $27.50. Analysts have a consensus price target of $23.09. iQIYI Inc. (IQ) has earlier revealed that its paper on face recognition and detection technology of cartoon characters, titled Cartoon Face Recognition: A Benchmark Dataset, has been accepted by the Association for Computing Machinery (ACM)’s annual conference on multimedia.

Zillow Group Inc. (Z)

Zillow Group Inc. (Z) stock drop by -0.02% to $98.43 after Zillow Group has earlier announced that it is scheduled to release Third Quarter 2020 Results on Nov. 5. The most recent rating by Standpoint Research, on August 03, 2020, is at a Hold. Previously, Zillow Group Inc. (Z) revealed that it is simplifying multifamily advertising with nationwide availability of four-tiered Rent Connect marketing packages.

NetEase Inc. (NASDAQ: NTES)

NetEase Inc. (NASDAQ: NTES) Shares headed rising, higher as much as 1.17%. The most recent rating by Daiwa Securities, on August 14, 2020, is at a Buy. NetEase Inc. (NTES) revealed today that China’s most prestigious liquor brand, Kweichow Moutai, is now available for sale on its e-commerce platform operated by its subsidiary NetEase Yanxuan. It is marking significant progress of a strategic partnership revealed by the two companies recently.

 

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