There are plenty of reasons to invest in big tech stocks like Facebook (NASDAQ: FB), Apple (NASDAQ: AAPL) and the other mega-cap names. In this Fool Live video clip, recorded on April 8, Fool.com contributors Matt Frankel, CFP, and Jason Hall, along with chief growth officer Anand Chokkavelu, discuss some of the bearish arguments against the big tech stocks. Anand Chokkavelu: Say something bad.
(Bloomberg) -- Facebook Inc. will announce on Monday a suite of new audio products, including its own take on Clubhouse, as well as a push into podcasts aided by Spotify Technology S.A., Recode reported, citing sources it didn’t identify.Some products won’t be available until later this spring, Recode said. The plan includes an audio-only version of Messenger Rooms, the video chat feature Facebook introduced last year to compete with Zoom Video Communications Inc.Facebook will also add a Clubhouse-like product that allows users to talk on a virtual stage, and a feature that lets users post voice messages on their newsfeeds. Furthermore, it will launch a podcast discovery product in connection with Spotify, Recode said.The plans come just as Clubhouse closed a Series C funding round led by Andreessen Horowitz. Bloomberg News reported earlier that the round would value the one-year-old startup at about $4 billion, quadruple the estimate from January.Multiple social media giants are working to create their own versions of the popular Clubhouse product. Twitter Inc. introduced one called Spaces. Microsoft Corp.’s LinkedIn and Slack Technologies Inc. have also said they’re working on similar features for their networks.Mark Zuckerberg, Facebook’s chief executive officer, appeared live during a Clubhouse discussion this year, and the company ordered multiple teams to research audio-related chat products that could rival Clubhouse, people familiar with the efforts have said.“We’ve been connecting people through audio and video technologies for many years, and are always exploring new ways to improve that experience for people,” Facebook told Recode.Separately, Apple Inc. is preparing a subscription podcast service it may announce as early as Tuesday, Recode reported, without specifying how it obtained the information. Apple declined to comment to Recode.(Updates with background throughout)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
If you're looking for a few software stocks to add to your portfolio right now, here's why Zoom Video Communications (NASDAQ: ZM), Datadog (NASDAQ: DDOG), and Apple (NASDAQ: AAPL) look like good buys right now. Brian Withers (Zoom): It seems funny calling Zoom stock a laggard after its incredible run over the past year.