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FAANG Report: Amazon partners with Shark Tank; right-wingers dominate ads on Google

Apple to donate 1,000 of its watches for a study on binge eating; Netflix price targets lowered before results; Facebook lowers number of accounts hacked to 30 million from 50 million
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Amazon.com goes into partnership with hit reality investment show 'Shark Tank'

Amazon.com Inc (NASDAQ:AMZN) announced on Monday it is now an official partner of "Shark Tank", the critically acclaimed and multiple Emmy-award winning reality show that has reinvigorated entrepreneurship in America.

The new Amazon Launchpad Shark Tank Collection highlights products seen on Shark Tank, including the Hatch Baby, Third Wave Water and Stasher, among others.

The collaboration coincides with the premiere of “Shark Tank” season 10 and provides an opportunity for successfully funded Shark Tank startups and entrepreneurs to launch and showcase their products on Amazon, the world's biggest retailer.

The "Sharks" are multi-millionaire and billionaire tycoons who for nine seasons have invested in the best businesses and products that America has to offer.

They include billionaire Mark Cuban, owner and chairman of AXS TV and owner of the 2011 NBA champion Dallas Mavericks; real estate mogul Barbara Corcoran; "Queen of QVC" Lori Greiner; technology innovator Robert Herjavec; fashion and branding expert Daymond John; and venture capitalist Kevin O'Leary.

Amazon shares declined 1.5% to $1,761.43 by midsession.

FAANG Report: Amazon' could get hooked on advertising revenue

Apple Inc (NASDAQ:AAPL) plans to donate 1,000 Apple Watches to a new research study into overeating and bulimia, a report by Apple Insider which quotes CNBC said.

The Binge Eating Genetics Initiative, or BINGE, is looking for biological changes brought on by either rapid and excessive eating, or by subsequently over-exercising or purging.

In a month-long study, researchers will examine whether Apple Watch's heart rate sensor can detect physical changes associated with these symptoms, the report said.

According to the National Association of Anorexia Nervosa and Associated Disorders, at least 30 million Americans suffer from an eating disorder. And every 62 minutes, at least one person dies as a direct result of it.

Apple shares fell 1.56% to $218.64.

The price target for Netflix Inc (NASDAQ:NFLX) was cut by Goldman Sachs and Raymond James ahead of the earnings data by the streaming giant which is due out on Tuesday, a report by CNBC said.

Goldman outlined a bullish case for the upcoming Netflix quarterly earnings but still lowered its "12-month price target from $470 to $430 to reflect the contraction in broader internet multiples."

"While broader market performance and rising rates concerns have been more important factors for stock price performance, we believe that upside to consensus expectations and what the strength in subscriber net additions says about Netflix's business, beyond just guidance for the next quarter, is likely to be a positive catalyst for the stock," Goldman analyst Heath Terry said in a research note to clients.

Raymond James also lowered its expectation for Netflix stock to $400 a share from $445 a share, saying the streaming company's growth will slow as interest rates continue to rise.

Netflix shares retreated 1.65% to $333.97.

READ: Alphabet's Google hit by data breach and did not report it over regulation fears

Alphabet Inc's Google (NASDAQ:GOOG) said a study by New York University found that left-leaning organizations dominate political ads on Facebook and Twitter while right-wing advertisers outspend liberal groups on Google, The Guardian said in a report.

The study by computers scientists from NYU's Tandon School of Engineering of 884,000 recent political ads found that Donald Trump and his Make America Great Again political action committee had the largest number of ads of any candidate while a Republican group called the Senate Leadership Fund spent the most on ads.

The majority of spending on Google came from PACs (Political Actions Committees), which typically have large budgets and were responsible for 61% of ads on the search engine, the report said.

Google shares eased 0.78% to $1,101.38.

Facebook Inc (NASDAQ:FB) lowered the number of people whose accounts were hacked to 30 million from 50 million, the company said in a blog update. 

Some of the information the hackers accessed include username, gender, locale/language, relationship status, religion, hometown, self-reported current city, birthdate, device types used to access Facebook, education, work, the last 10 places they checked into or were tagged in, website, people or Pages they follow, and the 15 most recent searches.

Facebook said in the days ahead, they will send customized messages to the 30 million people affected to explain what information the attackers might have accessed, as well as steps they can take to help protect themselves, including from suspicious emails, text messages, or calls.

Facebook shares rose 0.81% to $154.99.

Reporting by Rene Pastor, contactable on [email protected]

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