Tech Five: Shares of 'GTA' maker surge
Video game publisher's Take-Two Interactive stock is off to a hot start in Tuesday trading. Let's take a look at the tech stocks to watch:
Take-Two Interactive. Shares of the publisher jumped more than 7% in pre-market trading after beating estimates for the fourth quarter. Take-Two reported revenue of $427.7 million with earnings of 49 cents a share. The company confirmed it has shipped more than 52 million copies of blockbuster action title Grand Theft Auto V since its launch in fall 2013.
Apple. The tech giant's scrapped plans to create a television set more than a year ago, reports The Wall Street Journal. The report also says Apple spent more than a decade researching the TV before dropping plans because execs felt the entry would not be compelling enough to enter the TV market.
Alibaba. Founder Jack Ma defended the e-commerce company's efforts at thwarting the sale of counterfeit goods after luxury goods maker Kerig -- owner of Gucci and Yves Saint Laurent -- filed a lawsuit. The suit alleges Alibaba allows merchants to sell counterfeit goods on their commerce websites.
Facebook. The social network is talking with game developers to launch games for Messenger, reports The Information. Facebook introduced a variety of apps to Messenger in March.
Twitter. The microblogging service rolled out its updated Search feature to all users, reports TechCrunch. Users can now sort results by "live" tweets, top results, photos and videos.
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