Here’s a look at some of the companies the Yahoo Finance team will be watching for you.
SoftBank (SFTBY) tops our list. The group’s Vision Fund is planning to invest a whopping $200B to create the world’s largest solar power project in Saudi Arabia. Yesterday, SoftBank CEO Masayoshi Son and Crown Prince Mohammed bin Salman signed a preliminary agreement to build a series of solar parks throughout the kingdom. Once completed, there will be enough energy to power 150 million homes.
Google (GOOGL) could be handing over some major cash to Oracle (ORCL). A federal appeals court has overturned the ruling that it was fair when Google copied Oracle’s Java program to create Android. The court now says Google’s use of Java was “not fair” and has sent the case back to trial to determine damages. Oracle originally sought $9B in damages but is now expected to ask for even more.
In an effort to appease users, Facebook (FB) just announced it’s making it easier to delete data that you have already shared with the social-media company. Bloomberg reports the new system will allow users to change privacy settings from a single place instead of having to go to some 20 different screens. But it all might be too little, too late. Three Facebook users are now suing over the collection of call and text history on the platform’s Messenger app. And to add insult to injury, adult magazine Playboy is leaving the networking site, saying it doesn’t want to be complicit in Facebook’s data collection practices.
There seems to be no stopping Netflix’s (NFLX) subscriber growth, at least that’s what Citi thinks. According to Forbes, the bank’s analysts predict the streaming giant will grow to 262 million subscriptions within ten years. Currently, Netflix boasts 118 million subscribers. To grow at these levels, Citi estimates Netflix will spend upwards of $15B a year on content alone.
And finally the U.S. has opened an investigation into that deadly Tesla (TSLA) crash last week in Mountain View, California. The electric carmaker says it still doesn’t know what caused the accident involving its Model X that killed the 38-year-old driver. Tesla also says it’s working with the National Safety Transportation Board to determine whether its partially autonomous driving system, dubbed AutoPilot, had anything to do with the crash.