Tech Five: Alibaba shares climbing
Chinese e-commerce giant Alibaba is back on the rise following a tumultuous week on Wall Street. Let's take a look at the technology stocks to watch Friday:
Alibaba. Shares are up 2.6% in pre-market trading following a crazy week that saw the company's stock dip to its lowest point ever. But a recent boost in the Asian markets is helping Alibaba recover some of those losses. Alibaba shares are trading above $79.
LinkedIn. The social network for professionals scored a "buy" rating from investment firm Mizuho, reports CNBC. Following a massive plunge in May, LinkedIn shares have slowly recovered, trading above $207 a share.
Samsung. The electronics giant is moving up the launch of the latest version of its Galaxy Note smartphone to steer clear of the arrival of the next iPhone, reports The Wall Street Journal. The Note has been a huge hit for Samsung, sparking the shift to the "phablet" style smartphone.
Apple. Can't wait for the next version of Apple iOS? The company launched a public beta for iOS 9, giving iPhone owners an early peek at the operating system. It's expected to launch with the next iPhone this fall.
Facebook. The social network is dismissing reports it plans to launch its own streaming music service. According to The Verge, Facebook says it has no plans to enter the increasingly competitive streaming music market, which recently added Apple to its list of companies.
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