FAANG Report: Amazon opens 4-star store in Manhattan; Netflix trolls Kevin Spacey in 'House of Cards'

Amazon.com Inc (NASDAQ:AMZN) opened on Thursday a store called Amazon 4-star in the SoHo neighborhood of Manhattan in New York City, a report by The Amazon Blog said.

Throughout the store, there are features like “Most-Wished-For,” a collection of products that are most added to Amazon.com Wish Lists; “Trending Around NYC,” hot products that NYC-area customers are buying on Amazon.com; “Frequently Bought Together”; and “Amazon Exclusives.”, the Amazon Blog said.

The average rating of all the products in Amazon 4-star is 4.4 stars, and collectively, the products in store have earned more than 1.8 million 5-star customer reviews. The store is open every day of the week.

Amazon stocks were up 1.83% at $2,010.90.

READ: Amazon takes on Main street with the launch of more cashier-less grocery stores

Netflix Inc (NASDAQ:NFLX) released a trailer on Thursday for House of Cards’ sixth and final season, which seems to be trolling Kevin Spacey for the behavior that got him fired from the show, Ad Week said.

Production on Season 6 was suspended last November in light of sexual harassment allegations against Spacey, who starred as President Frank Underwood.

In December, Netflix committed to an eight-episode final season of the series, without Spacey, that would focus on Robin Wright who plays Spacey’s wife, Claire Underwood.

Netflix stock gained 0.3% to $379.02.

Apple Inc (NASDAQ:AAPL) shares should keep rising even after its big gains this year as J.P. Morgan initiated coverage of the iPhone maker, a report by CNBC said.

Apple is “transforming from a hardware company to a services company faster than investors had expected, which is driving financial and valuation upside,” analyst Samik Chatterjee said in a note to clients.

Chatterjee is the new analyst covering Apple for J.P. Morgan. The firm last covered the smartphone maker in October 2017.

Apple shares were up 2.21% to $225.30.

Facebook Inc (NASDAQ:FB) is launching another virtual reality headset that will not need a personal computer to work, a report by CNN Tech Said.

Facebook unveiled the hardware at the Oculus Connect conference in San Francisco. The latest VR headset combined the mobility of the standalone, $199 Oculus Go, with some of the power of Oculus Rift, which must be connected to a computer to work.

The company said users will be able to wander around in up to 4,000 square feet of space while using the headset, the report said.

Facebook shares rose 1.92% to $170.16. 

FAANG Report: Google snubs US Senate hearing on election meddling

Executives of Alphabet Inc’s Google (NASDAQ:GOOG) will be questioned by lawmakers from the US Congress on Friday after months of avoiding the spotlight, The New York Times said.

Google CEO Sundar Pichai will be meeting with more than two dozen Republicans to discuss complaints the company is trying to silence conservatice voices.

The Friday meeting will cap a week of tech-related sessions in Washington in which Google – in the cross hairs of Silicon Valley’s conservative critics since late summer – has played a starring role, The Times said.

Google stock added 1.55% to $1,198.78.

Story by ProactiveInvestors