As the tech-driven Nasdaq continues its strong 2015 run, already up nearly 9% YTD, one particular sector continues to make headlines for its huge gains: cyber security. Thanks to newsworthy security breaches of celebrities (Kate Upton), corporations, and most recently, the U.S. government, cyber security stocks are on a momentous rise.
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The Great Greek Failure
I’m sure by now you’re equally annoyed with triple-digit market downturns in both America and Europe, all the direct result of Greece’s selfish financial ministers and incompetent governing body; however, good news, for the collective West, has finally emerged from the childish pit of gloom and doom formerly known as Greece: European leaders have withdrawn from negotiations with Alex Tsipras’ socialist representatives.
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BlackBerry's Cyber Security Future
You may not remember, but Blackberry (BBRY) once occupied the throne of the mobile device market; no company could touch it (you know... until Steve Jobs happened). Unfortunately for Blackberry, and its investors, the times have long changed. Since the 2007 release of the original iPhone, Blackberry has continuously ceded its market share to Apple (AAPL), Google (GOOG), Microsoft (MSFT), and, most recently, Chinese mobile device maker Xiaomi.
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The Billionaire Space Race
Many CEOs are known for exhibiting their million-dollar lifestyles; opulent car collections comprised of Lamborghinis, Ferraris, and Bentleys are common, whereas private Gulfstream jets are a bit more rare. However, while millionaires indulge themselves with these toys, billionaires have embraced an entirely new obsession.
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The Battle For Ride-Sharing Supremacy
The battle of relevant ride-sharing companies has dwindled down to two fierce rivals: Uber and Lyft. These two companies have gained notoriety for their revolutionary transportation services and record valuations. As of now, Uber clearly maintains a larger market share than lyft; moreover, its $50 billion valuation has tied Facebook’s (FB) previous record as the most expensive private company to date.
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America's Most Secretive Company
Data surrounds us; it's everywhere. And it’s what helped Palantir track and kill Osama Bin Laden. From phone calls to emails, from video chats to text messages, trillions of data bytes flood our tech infrastructure. As such, this creates plentiful information for analysts to sift through. Moreover, terrorist attacks like the 9/11 hijackings exemplify the importance of cyber surveillance and security.
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LSU Chooses Amenities Over Education
One of the South’s most popular universities, and a flagship public college, Louisiana State University, is currently facing a $55.5 million state funding cut; not only will LSU need to restructure its annual budget, but the regents will also need to prepare for a devastating alternative: bankruptcy. That’s right, LSU is now mulling the possibility of entering into bankruptcy proceedings.
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