TOP 5 STOCKS TO WATCHOUT (19-01-2021):-

TOP 5 STOCKS TO WATCHOUT (19-01-2021):-

1.PARLER- Parler, a social media website and app popular with the American far right, has partially returned online with the help of a Russian-owned technology company.

Parler vanished from the internet when dropped by Amazon Inc’s hosting arm and other partners for poor moderation after its users called for violence and posted videos glorifying the Jan. 6 attack on the U.S. Capitol.

On Monday, Parler’s website was reachable again, though only with a message from its chief executive saying he was working to restore functionality.

2.PINTEREST :- Turkey’s Information and Communication Technologies Authority has imposed advertising bans on Twitter, Periscope and Pinterest under a new social media law, according to decisions published in the country’s Official Gazette on Tuesday.

The law, which critics say will muzzle dissent, requires social media companies to appoint local representatives in Turkey. On Monday, Facebook Inc joined other companies in saying it would appoint such a representative.

3.AMAZON:- Amazon will open two new logistics centres in Italy this year, investing over 230 million euros ($278 million), the world’s largest online retailer said on Monday.

With the two new hubs- a distribution centre in the north-western city of Novara and a fulfilment centre close to the city of Modena – Amazon will create 1,100 new jobs in the coming three years.

“Amazon continues to expand its logistics network in order to satisfy the growing demand of clients, widen product selections and support those small and medium enterprises that have decided to sell their products using Amazon logistics,” the group said in a statement.

4. INTEL:– Chairman Omar Ishrak is working towards gathering funds for a health technology special purpose acquisition company (SPAC).

The former Medtronic plc  CEO could file registration documents with the United States Securities and Exchange Commission for an initial public offering as early as Tuesday, people familiar with the matter told Bloomberg.

Ishrak reportedly aims to raise approximately $750 million to $1 billion for the blank-check company. SPACs accounted for over half the total number of initial public offerings in the United States last year.

Mergers with blank check companies gained popularity as a chosen method to go public in 2020, raising $79 billion in the year.

 5.SOFTBANK:- Britain’s OneWeb said on Friday that SoftBank Group Corp and Hughes Network Systems LLC had invested in the satellite communications company, bringing its total funding to $1.4 billion.

Founded by entrepreneur Greg Wyler in 2014, OneWeb aims to provide high-speed broadband internet services globally using low earth orbit satellites, taking on a similar offering by Elon Musk’s SpaceX.

The funding would allow OneWeb to cover the costs for its network of 648 satellites, expected to be ready by the end of 2022.

SoftBank Group, a former investor in OneWeb, had pulled the plug on funding earlier, forcing OneWeb to file for bankruptcy protection in March.

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