Tech Five: Taylor Swift changes Apple's tune

Looks like Apple and Taylor Swift may be getting back together.

The pop star wrote an open letter to Apple on Sunday explaining why she was withholding her album 1989 from Apple's new streaming service, Apple Music.

In direct response to the letter, the tech giant said it will now pay artists during the three-month free trial period.

Let's take a look at the tech stocks to watch Monday:

Apple (AAPL)

Apple shares were up during morning trading after the company announced it will reverse its policy on not paying artists during Apple Music's free trial period. This decision comes after Taylor Swift and at least one other record label disputed Apple's royalties policy.

Facebook (FB)

Facebook consumers are likely to see more video ads, according to a report by Ampere Analysis, a London-based research business. Ampere predicts a new advertising "arms race" between Facebook and YouTube as the social media company gains ground on video ads. As of morning trading, Facebook shares were up nearly 2%.

Fitbit (FIT)

Shares of Fitbit are still racking up gains after the company went public Thursday. As of morning trading, shares were up nearly 9%.

Advanced Micro Devices (AMD)

Shares of Advanced Micro Devices were up almost 2% Monday morning as Reuters reported that the company is weighing whether to split itself into two or spin off a separate business. According to Reuters, one option under consideration is separating its graphics and licensing business from its server business. An AMD spokeswoman, however, denied to Reuters that this project was in the works.

Amazon (AMZN)

Amazon is changing how it pays royalties to writers who have exclusively published their work via Kindle Direct Publishing (KDP), the company said. The e-commerce giant said it is changing its policies July 1 to "better align payout with the length of books and how much customers read."