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FAANG Report: Amazon and Google in race for high-tech talent; Facebook becoming a job site

Apple looking to give away its watches through insurance programs, Netflix eyes mobile subscription plans
Google building
Google and Amazon are going to fight it out for talent in New York City

Amazon.com Inc (NASDAQ:AMZN) and Alphabet Inc's Google (NASDAQ:GOOG) are going to recruit thousands of employees in New York City and the surrounding metropolitan area, pitting the two technology giants against one another and also other businesses for already scarce talent in the area, a report by the Wall Street Journal said.

Amazon will bring more than 25,000 jobs to New York and another 25,000 to Northern Virginia, the retail giant had announced this week.

Google, on the other hand, plans to double its workforce in New York City to more than 14,000 workers over the next 10 years, the company's chief financial officer said on WSJ's Tech D.Live.

Shares of Amazon eased 0.88% to $1,616.78 by midsession on Wednesday.

Google stock gained 0.19% to $1,037.97.

Facebook Inc (NASDAQ:FB) wants to help people land their next job after launching 'Jobs on Facebook,' which allows businesses to post job listings on the social media site, a report by Fortune said.

Learn with Facebook is meant to provide people with skills to advance their careers with everything from simple tips on building a resume, marketing their work and services online, and interviewing, up to more advanced skills like coding.

The new initiative stems from reports indicating that, while jobs are growing, the global workforce is on track to face a shortage of skilled labor.

Learn with Facebook has already launched in France and Germany and there are plans to expand in Mexico, Brazil, and more. Facebook seems keen on expanding in the job-seeking and training sector, the report said

Facebook stock went up 0.4% to $142.73.

READ: Facebook opens pop-up store in Macy's in New York City and 8 other cities

Giant insurer UnitedHealthcare is offering free Apple Inc (NASDAQ:APPL) watches to customers who enroll in a "Motion" program, a report by CNBC said.

Apple is increasingly in talks with insurers about getting the cost of its Apple Watch subsidized, as it moves more deeply into the health and wellness space. It held meetings in August of last year with another insurer, Aetna, to discuss ways to bring the device to its more than 20 million members.

The integration with UnitedHealthcare, which is the largest US health-care company, could mean a boost in sales of the Apple Watch as more people are able to buy it at an affordable price.

Within six months, members can essentially earn the device for free and get extra rewards on top of via their health savings account.

Apple shares lost 2.59% to $187.26.

READ: Apple rolls out new iPad Pro, MacBook Air and Mac mini in Brooklyn, New York city event

Netflix Inc (NASDAQ:NFLX) is exploring a mobile-only subscription plan because they are increasingly popular in Asian and East Asian countries, a report by The Verge said.

The growth of mobile Netflix users, especially in countries where mobile usage outpaces time spent watching traditional TV or time on a computer, is constant.

Part of Netflix’s product plan includes creating better tools for mobile users who can now download TV shows for offline viewing, the report said.

The company is leaning into customers who want to spend more time on their phones and tablets, and it’s seemingly introducing a cheaper tier specifically for those customers.

Netflix stock retreated 3.3% to $284.69.

Contact Rene Pastor at [email protected]

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February 14 2019

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