Tech Giant Amazon Hits $1,500 Per Share For The First Time Ever

Jeff Bezos' Amazon reached $1,500 a share Wednesday for the first time ever. Amazon's stock is up 27% in 2018 even though the broader market is about flat on the year.

The company's market value is now $718 billion, trailing only Apple (AAPL) and Google (GOOG).

Finnish cybersecurity specialist F-Secure has reported another serious flaw in Intel hardware. It has nothing to do with the Spectre and Meltdown vulnerabilities, but has a huge "destructive potential" too. F-Secure said Friday it had found a serious flaw in Intel hardware which could enable hackers to access corporate laptops remotely.

It’s the world’s first modular MicroLED TV, aptly christened “The Wall”, Samsung’s 146” TV is a marvel and while it’s huge, it’s really the technology behind it that has us more excited. Most people must have heard of MicroLED as a potential future replacement of OLED (on phones and elsewhere). It is similar in that each pixel is its own light so it offers perfect black levels (and doesn’t need a backlight like LCD, no color filters either).

Ford Motor Co. says it is ramping up investment in electric and hybrid vehicles and plans to introduce 40 by 2022, saying it will introduce 16 battery-electric cars and 24 hybrids or plug-in hybrids around the world in the next few years. Ford Motor will increase to $11 billion its investment in electrified vehicles between now and 2022. The plan more than doubles an earlier plan, announced in 2016, to spend $4.5 billion on 13 new electrified vehicles by 2020.

Twenty First Century Fox Inc’s Fox Sports is partnering with Twitter Inc to stream a live show and Snap Inc’s Snapchat to showcase stories with matchday highlights on the FIFA World Cup soccer tournament to be hosted in Russia later this year. Fox Sports would produce the show, which will be streamed from Moscow's Red Square on each match day and provide previews, recaps and near real-time video highlights for each game, the company said.

Music streaming service Spotify has filed confidentially for an initial public offering with the U.S. Securities and Exchange Commission (SEC) and is moving ahead with a direct listing in the first half of the year, a source familiar with the matter said on Wednesday.

If Spotify, which was valued at as much as $19 billion last year, goes ahead with its plans, it would make it the first major company to carry out a direct listing, an unconventional way to pursue an IPO without raising new capital.