TOP 5 STOCKS TO WATCH OUT TODAY

TOP 5 STOCKS TO WATCH OUT TODAY

1.Facebook:- Facebook Inc chief of advertising integrity, who handled the company’s ad products around sensitive subjects such as politics and coronavirus misinformation, departed this week, according to an internal company post viewed by Reuters on Friday.

Rob Leathern, director of product management, said earlier this month on Facebook’s internal network that he would be leaving the company on Dec. 30. His exit had not been previously reported.

Facebook could not immediately be reached for comment.

Leathern said in the post that he was “leaving Facebook to work on consumer privacy beyond just ads and social media,” without disclosing where he was headed.

Leathern was often the public face of the company’s controversial political advertising policies. Prior to the Nov. 3 U.S. election, Facebook was heavily criticized for allowing misleading claims and conspiracy theories to spread widely on its platforms.

2. Sony  :-Sony Corp  said on Friday its PlayStation 5 (PS5) console will be launched in India in coming weeks as it tries to capitalise on the pandemic-driven boom in gaming.

“We are happy to announce that PS5 shall be launched in India on 2nd of February 2021,” the Japanese firm tweeted from its PlayStation India Twitter handle.

Preorders for PS5 will begin on Jan 12 and will be available for orders at major retailers, including Amazon  and Flipkart, the tech firm said.

Microsoft Corp launched two models of its Xbox gaming console in November, seven years after the debut of the previous version, while Sony launched its PS5 in core markets two days later

3.Tencent:-Tencent’s online games were removed and then reinstated on Huawei’s app store on Friday in a dispute over revenue sharing by the Chinese companies.

Huawei was insisting on a 50% cut of Tencent’s game sales on the app store and the Tencent games were removed because the companies had been unable to agree a deal, a Tencent source said.

Tencent sells some of the top-ranked online games worldwide while Huawei has a 41.4% share of the China mobile phone market and 14.9% of the global market, data from market researchers IDC and Canalys shows.

The games were reinstated on the app store after further negotiations, Tencent said, adding that “both sides will continue to work together to bring better experiences and services to consumers”.

4. AMAZON:-Amazon.com Inc said on Wednesday it would acquire podcast startup Wondery, aiming to beef up non-musical content on its Amazon Music app.

Earlier this month, the Wall Street Journal reported that the firms were in deal talks, pegging Wondery at a valuation of more than $300 million.

Amazon is relatiTechnology, which has been investing in big names in an effort to become the Netflix of audio content.

 5.LG:- Indonesia and a unit of South Korean firm LG Group have signed a memorandum of understanding (MOU) on a $9.8 billion electric vehicle (EV) battery investment deal, the head of Indonesia’s Investment Coordinating Board said on Wednesday.

The deal was signed on Dec. 18 and includes investments across the EV supply chain.

An official at LG Energy Solution, a unit of LG Group, South Korea’s fourth-largest conglomerate, confirmed it had agreed an MOU but could not provide details or the deal’s value. LG Group in Seoul referred Reuters to its affiliate.

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