Each month, we look at an ETF selected by ETF.com based on its performance and importance to investors. This month, we consider the performance of the $394 million O’Shares Global Internet Giants ETF (OGIG), which tracks some of the largest internet-related stocks in the world. All the companies mentioned below are holdings in OGIG, unless otherwise noted (*).
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NOV 29 Alibaba stock price surges after the company has a secondary listing debut on the Hong Kong Stock Exchange in the secondlargest offering of the year and HSBC rates it a “Buy.”
JAN 31 Facebook closes out its worst week since September 2019 after reporting a 51% increase in expenses over the prior year and announces slower growth expectations.
APR 14 Amazon plans to slash the commissions paid by its affiliate marketing program even as its customers spend $11K per second during the pandemic.
MAY 22 E-commerce platform Pinduoduo reports quarterly growth of 44% for the second quarter, despite the time period reflecting the height of the coronavirus pandemic.
JUL 10 Tencent Holdings announces it is in exclusive negotiations to acquire popular Hong Kong games developer Leyou Technologies.*
AUG 31 Zoom sees its share price rise sharply after it says sales for the second quarter quadrupled from the prior-year quarter, blasting past consensus expectations.
Source: Bloomberg; data for 8/31/2019-8/31/2020