The Internet is considered to be the main source of information and it plays a very important role in the daily routines of people. The Internet content industry includes the providers of personal services, staffing, and outsourcing services. Companies in the internet industry are operating in a highly competitive environment. They need to keep pace with new technological advancements.
Internet companies are working in the global market and they have a diverse customer base. One positive thing for this industry is that it has many opportunities to grow the business because people always turn towards the internet content industry for the information. Their main challenge is to update their strategies with the changing external environment which is helpful for their business growth.
Here are the few companies in the internet content industry which are following new trends to keep pace with the market:
Facebook Inc. (NASDAQ: FB)
Facebook Inc. (NASDAQ: FB) shares were trading down -0.90% at $252.53 at the time of writing on Friday. Facebook Inc. (FB) share price went from a low point around $137.10 to briefly over $304.67 in the past 52 weeks, though shares have since pulled back to $252.53. FB market cap has remained high, hitting $725.94B at the time of writing, giving it a price-to-sales ratio of more than 9.
Facebook Inc revealed that it is not clear whether the platform will be able to run in the European Union if the new Ireland data protection ruling will be implemented. The company revealed in Ireland’s High court that if the country’s Data Protection Commission in regard to its data transfer mechanism isn’t blocked, its platform will bear a huge shock. If we look at the recent analyst rating FB, KeyBanc Capital Markets initiated coverage on FB shares with an Overweight rating and a $287.22 price target, which implies room for 34.69% upside momentum this year.
Snap Inc. (NYSE: SNAP)
Snap Inc. (NYSE: SNAP) last closed at $23.82, in a 52-week range of $7.89 to $26.76. Analysts have a consensus price target of $26.27. Snap Inc. (SNAP) and NFL have recently disclosed that they have decided to extend their multi-year partnership. The company has created a special augmented reality Lens that takes fans from the Kansas City Chiefs’ locker room through the tunnel and into Arrowhead Stadium, where they’ll be greeted by Kansas City’s Patrick Mahomes and Houston’s Deshaun Watson.
Pinterest Inc. (NYSE: PINS)
Pinterest Inc. (NYSE: PINS) stock soar by 0.79% to $36.88. The most recent rating by KeyBanc Capital Markets, on September 15, 2020, is at an Overweight. Pinterest Inc. (PINS) has earlier participated in the Deutsche Bank Virtual Technology Conference on September 15, 2020. This company previously revealed that it has decided to demonetize pages that lead to election-related content on its platform. The company aimed to stop the spread of misinformation about the 2020 presidential election which is to be held in November 2020.
Twitter Inc. (NYSE: TWTR)
Twitter Inc. (NYSE: TWTR) shares headed rising, higher as much as 2.03%. The most recent rating by KeyBanc Capital Markets, on September 15, 2020, is at a Sector weight. Twitter Inc. (TWTR) has revealed that it has decided to ask U.S. lawmakers and White House officials, including President Donald Trump, to review and improve their account passwords as part of a push to increase security before the Nov. 3 election. This company has a total market capitalization of $31.12 billion at the time of writing.
Remark Holdings Inc. (NASDAQ: MARK)
Remark Holdings Inc. (NASDAQ: MARK) rose 11.93% after gaining more than $0.13 on Friday. Remark Holdings Inc. (MARK) has earlier participated in H.C. Wainwright & Co. 22nd Annual Global Investment Conference on September 14, 2020. Previously, the company announced that its AI’s engineering team won three out of five Championships in the Visual Object Tracking category at the 16th European Conference on Computer Vision.
Tencent Music Entertainment Group (NYSE: TME)
Tencent Music Entertainment Group (NYSE: TME) last closed at $15.62, in a 52-week range of $9.22 to $17.97. Analysts have a consensus price target of $15.19. Previously, the Tencent Music Entertainment Group has partnered with Tencent ’99 Giving Day’ and the Rainbow Chamber Singers to host an online concert titled ‘Learn to Love Yourself,’ streaming live on QQ Music, KuGou Music, Kuwo Music, and WeSing.
Zillow Group Inc. (NASDAQ: Z)
Zillow Group Inc. (NASDAQ: Z) fall -0.60% after losing more than -$0.58 on Friday. Zillow Group Inc. (Z) has earlier announced that it has decided to start buying and selling homes in Jacksonville. Jacksonville becomes the 25th market where homeowners can safely and conveniently buy and sell real estate through Zillow Offers service. Looking at the market cap, its market cap is 415.41 billion at the time of writing.
iQIYI Inc. (NASDAQ: IQ)
iQIYI Inc. (NASDAQ: IQ) last closed at $23.20, in a 52-week range of $14.51 to $27.50. Analysts have a consensus price target of $23.08. iQIYI Inc. (IQ) has expanded its highly-acclaimed Mist Theater, with the release of season 1 of Sisyphus on September 2. The 12-episode Sisyphus is the fourth suspense thriller released as part of its Mist Theater. This company market cap has remained high, hitting $16.79 billion at the time of writing.
Baidu Inc. (NASDAQ: BIDU)
Baidu Inc. (NASDAQ: BIDU) Shares headed falling, lower as much as -0.01% after Jakubowitz Law has announced that securities fraud class action lawsuits have started on behalf of shareholders of the various publicly-traded companies. The most recent rating by Morgan Stanley, on September 08, 2020, is at an Equal-weight. Baidu Inc. (BIDU)
Match Group Inc. (NASDAQ: MTCH)
Match Group Inc. (NASDAQ: MTCH) stock soar by 0.79% to $108.41. The most recent rating by KeyBanc Capital Markets, on September 15, 2020, is at an Overweight. Match Group Inc. (MTCH) share price went from a low point around $44.74 to briefly over $123.00 in the past 52 weeks, though shares have since pulled back to $108.41. MTCH market cap has remained high, hitting $27.97B at the time of writing.
ANGI Homeservices Inc. (NASDAQ: ANGI)
ANGI Homeservices Inc. (NASDAQ: ANGI) shares headed falling, lower as much as -2.45%. The most recent rating by KeyBanc Capital Markets, on September 15, 2020, is at an Overweight. ANGI Homeservices Inc. (ANGI) stock fluctuated between the low of $4.10 and a high of $17.05. It has moved up 152.20% from its 52-weeks low and moved down-39.35% from its 52-weeks high. This company market capitalization has remained high, hitting $5.26 billion at the time of writing.
Groupon Inc. (NASDAQ: GRPN)
Groupon Inc. (NASDAQ: GRPN) stock soar by 2.60% to $26.05. The most recent rating by DA Davidson, on June 17, 2020, is at a Buy. Groupon Inc. (GRPN) share price went from a low point around $9.60 to briefly over $63.20 in the past 52 weeks, though shares have since pulled back to $26.05. Groupon Inc.’s market cap has remained high, hitting $729.40 million at the time of writing.
Alphabet Inc. (NASDAQ: GOOGL)
Alphabet Inc. (NASDAQ: GOOGL) fall -2.42% after losing more than -$35.95 on Friday. Alphabet Inc. (GOOGL) stock fluctuated between the low of $1008.87 and a high of $1726.10. It has moved up 43.83% from its 52-weeks low and moved down-15.93% from its 52-weeks high. This company market capitalization has remained high, hitting $1014.27 billion at the time of writing.
Alphabet Inc. (NASDAQ: GOOG)
Alphabet Inc. (NASDAQ: GOOG) last closed at $1459.99, in a 52-week range of $1013.54 to $1733.18. Analysts have a consensus price target of $1707.08. Alphabet Inc. (GOOG) has moved up 44.05% from its 52-weeks low and moved down-15.76% from its 52-weeks high. This company market capitalization has remained high, hitting $1002.23 billion at the time of writing.
Grubhub Inc. (NYSE: GRUB)
Grubhub Inc. (NYSE: GRUB) stock soar by 0.61% to $69.25. The most recent rating by Piper Sandler, on July 28, 2020, is at a Neutral. Grubhub Inc. (GRUB) share price went from a low point around $29.35 to briefly over $79.18 in the past 52 weeks, though shares have since pulled back to $69.25. Grubhub Inc.’s market cap has remained high, hitting $6.35 billion at the time of writing.
CarGurus Inc. (NASDAQ: CARG)
CarGurus Inc. (NASDAQ: CARG) shares headed falling, lower as much as -2.26%. The most recent rating by BTIG Research, on August 07, 2020, is at a Neutral. CarGurus Inc. (CARG) fluctuated between the low of $14.25 and a high of $40.91. It has moved up 63.72% from its 52-weeks low and moved down-42.97% from its 52-weeks high. This company market capitalization has remained high, hitting $2.70 billion at the time of writing.
Momo Inc. (NASDAQ: MOMO)
Momo Inc. (NASDAQ: MOMO) fall -1.33% after losing more than -$0.2 on Friday. Momo Inc. (MOMO) share price went from a low point around $13.87 to briefly over $39.42 in the past 52 weeks, though shares have since pulled back to $14.82. Momo Inc.’s market cap has remained high, hitting $3.14 billion at the time of writing.
Yandex N.V. (NASDAQ: YNDX)
Yandex N.V. (NASDAQ: YNDX) last closed at $60.97, in a 52-week range of $27.93 to $70.11. Analysts have a consensus price target of $57.09. Yandex N.V. (YNDX) has moved up 118.30% from its 52-weeks low and moved down-13.04% from its 52-weeks high. This company market capitalization has remained high, hitting $21.32 billion at the time of writing.
Liberty TripAdvisor Holdings Inc. (NASDAQ: LTRPA)
Liberty TripAdvisor Holdings Inc. (NASDAQ: LTRPA) stock drop by -1.41% to $2.10. The most recent rating by Guggenheim, on June 13, 2019, is at a Neutral. Liberty TripAdvisor Holdings Inc. (LTRPA) share price went from a low point around $0.86 to briefly over $10.20 in the past 52 weeks, though shares have since pulled back to $2.10. Momo Inc.’s market cap has remained high, hitting $266.49 Million at the time of writing.
Yelp Inc. (NYSE: YELP)
Yelp Inc. (NYSE: YELP) shares headed falling, lower as much as -4.02%. The most recent rating by KeyBanc Capital Markets, on September 15, 2020, is at a Sector weight. Yelp Inc. (YELP) has launched a tag for businesses to mark themselves as ‘Latinx-owned’ in a move designed to support Latino businesses hit hard by the pandemic. This company has a market capitalization of $1.56 billion at the time of writing.
