Our coverage that monitors news and prices extends to the stock market, and today we are going to take a closer look at three major companies and the situation of their stocks: Meta, Tesla, and Microsoft.
The prices and stock market statistics of Meta, Tesla, and Microsoft
Let’s begin the first analysis with the company Meta Platform Inc (META), whose performance in recent months we can evaluate as really positive.
Taking only the last 30 days as a reference, META has increased its value by 19.19%. However, the shares of Mark Zuckerberg’s company have also performed positively in the last week.
Taking a look at market statistics, the current value of META shares is $238.56, with a market capitalization of $618.53 billion.
Yesterday the share price closed at $209.40, while today at the opening it was $239.89, meanwhile the price has remained rather stable. In terms of the average daily trading volume, it is 30.02 million shares for META.
We continue with the company of the crypto friendly Elon Musk, Tesla Inc. (TSLA). With an overview placed on the last 30 days, Tesla’s shares have lost 16.57% of their value.
As we approach the last few days, especially today, Tesla seems to be recovering.
Tesla had last closed yesterday at $153.75, reopening this morning down at $152.64.
The current price is around $160 and the electric vehicle company’s capitalization is $507.72 billion. The average daily trading volume is 144.02 million shares.
Last but not least is the company created by Bill Gates and with current CEO Satya Nadella: Microsoft Corp. (MSFT).
Just as Meta, Microsoft has also spent the last 30 days in the positive, growing its value by more than 10%.
Yesterday, MSFT closed at a price of $295.37, then opened again at $295.97, at the moment the current price is $304.83.
Microsoft’s market capitalization is $2.27 trillion, with an average trading volume of 32.51 million shares.
The latest news affecting the shares of Meta, Tesla and Microsoft.
Antitrust wants to take precautionary measures against META for alleged abuse of negotiations with SIAE
On 4 April 2023, an investigation was launched against Meta, the parent company of popular social media platforms such as Facebook, Instagram, and WhatsApp.
The investigation was initiated by the Italian Competition Authority over an alleged abuse of SIAE’s economic dependence in negotiating the license to use music rights on Meta’s platforms.
After conducting a thorough investigation, the Antitrust Authority decided to take precautionary measures against Meta.
The Authority ordered Meta to immediately resume negotiations with SIAE, maintaining behavior inspired by the canons of good faith and fairness.
In addition, Meta was ordered to provide all necessary information to SIAE to rebalance business relations between the two entities.
This ruling is significant because it testifies to the Antitrust Authority’s commitment to ensuring fair competition in the market. By taking these precautionary measures, the Authority is sending a message that it will not tolerate abuse of economic power by any entity.
Meta’s alleged abuse of SIAE’s economic dependence is particularly significant in the context of the music industry.
With the advent of social media platforms, the way music is consumed and distributed has changed significantly. These platforms have become major players in the music industry and, as such, have a significant impact on the revenues generated by artists and music publishers.
In this case, the Competition Authority’s decision aims to ensure that SIAE, a music publishing company, is not unfairly disadvantaged in its negotiations with Meta.
The ruling is important because it recognizes the significant economic power that platforms like Meta have and seeks to prevent them from abusing it.
This ruling is likely to have implications beyond just the music industry.
It reminds all companies that the Antitrust Authority is watching and will intervene if necessary to ensure fair competition in the marketplace. It also reminds that as platforms like Meta continue to grow in size and influence, they will be subject to increasing scrutiny by regulators.
Tesla reduces prices for its electric vehicles
On 26 April 2023, the Internal Revenue Service released the list of vehicles eligible for the electric vehicle tax credit.
A day later, Tesla, Inc. announced another price reduction for variants of the Model Y and the rear-wheel-drive version of the Model 3 in the United States.
The electric vehicle tax credit is a federal incentive program that provides a tax credit of up to $7,500 for the purchase of eligible electric vehicles. The IRS annually publishes a list of vehicles that qualify for the credit, based on factors such as battery capacity and vehicle weight.
Publication of the IRS list is an important event for electric vehicle manufacturers, as it can have a significant impact on sales.
Vehicles eligible for the tax credit are more attractive to consumers because they provide a significant financial incentive to purchase an electric vehicle.
In response to the release of the IRS list, Tesla, Inc. announced price reductions for variants of the Model Y and the rear-wheel-drive version of the Model 3. The price reductions range from $2,000 to $5,000, depending on the model and configuration.
This is not the first time Tesla has reduced the prices of its vehicles in response to changes in the electric vehicle market. The company has a history of adjusting prices to remain competitive, particularly in response to changes in incentives and subsidies for electric vehicles.
The price reductions announced by Tesla will likely make its vehicles even more attractive to consumers, particularly those considering buying an electric vehicle for the first time.
The Model Y and Model 3 are two of the most popular Tesla models, and the price reductions could help the company maintain its leading position in the electric vehicle market.
Microsoft’s report on Teams: stop automated installation.
Microsoft Corp has agreed to stop the practice of automatically installing Teams video conferencing and messaging applications on devices running its Office software in order to avoid a formal European Union (EU) antitrust investigation.
The move follows a complaint filed in 2020 by Salesforce, Inc. against Microsoft, which alleged that the company was bundling two services unfairly, making it difficult for competitors to enter the market.
Microsoft automatically installed the Teams application on Office software users’ devices, which Salesforce claimed gave it an unfair advantage in the business messaging market.
As part of the settlement with the EU, Microsoft committed to no longer automatically install Teams on devices that use its Office software. Customers will still be able to choose to download the application if they wish, but they will no longer be forced to do so.
Microsoft’s decision to change its practice could have significant implications for the business messaging market, which has become increasingly competitive in recent years.
With the rise of remote work and the need for virtual collaboration tools, companies have invested heavily in the development of messaging and video conferencing applications.
Microsoft’s Teams application has emerged as a strong player in the market, with more than 145 million daily active users as of April 2022. However, competitors such as Slack and Zoom have also gained significant market share in recent years.
The EU’s decision to investigate Microsoft’s practice of bundling Teams with Office software underscores the importance of fair competition in the technology sector.
As technology companies continue to develop new products and services, it will become increasingly important for regulators to ensure that they do not engage in anticompetitive practices that limit consumer choice and stifle innovation.