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There are a lot of tech companies out there, but which ones are worth investing in? Here are some of the best options to consider.
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Companies with a Purpose
Technology companies are good investments because their products and services are always in demand. People will always need technology to help them communicate, stay connected, and be entertained. There are many different types of tech companies, but the best ones to invest in are the ones with a purpose. These companies are the ones that are making a difference in the world and are changing the way we live.
Salesforce
Salesforce is a global cloud computing company headquartered in San Francisco, California. They offer various CRM solutions for businesses of all sizes, including Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, CPQ & Billing, Communities, Einstein Analytics, and IoT. Their mission is to help companies transform their relationships with their customers.
Workday
Workday is a cloud-based financial management and human capital management software vendor. The company was founded in 2005 by former Oracle Corporation executives Dave Duffield and Aneel Bhusri. In October 2012, Workday went public with an initial public offering that valued the company at $9.8 billion. As of September 2020, Workday’s market capitalization was $64.1 billion.
Workday’s products are designed to provide a complete, real-time view of an organization’s financial performance, human capital management (including recruiting, onboarding, time and attendance tracking, talent management), and workforce planning needs. Workday’s product suite includes Financial Management, Workforce Management,Customer Relationship Management (CRM), Procurement, and Student Administration applications.
Companies with a Moat
When looking for good tech companies to invest in, you want to find companies with a competitive advantage, or a moat. A moat is a competitive advantage that keeps customers coming back or protects the business from competitive forces. Some examples of competitive advantages are a strong brand, a loyal customer base, economies of scale, or a powerful network.
Amazon
Digital delivery and cloud-based services have a wide economic moat.
Founded in 1994, Amazon.com is the leading online retailer and a major provider of cloud-based services. The company offers a wide range of products and services, including books, music, videos, consumer electronics, apparel, home and garden items, and groceries. Amazon.com also offers a variety of digital content and services, such as Amazon Prime Video, Amazon Music, and Kindle e-books. In addition, the company provides business services through its Amazon Web Services unit. Amazon has a market capitalization of over $1 trillion and operates globally with net sales of $232 billion in 2018.
Facebook has a wide economic moat. The company is the preeminent social networking site with 2.23 billion monthly active users as of the first quarter of 2018. Facebook’s user base continues to grow at a healthy clip, as the company posted year-over-year user growth of 14% in the first quarter of 2018.
Facebook has a number of other businesses that complement its social networking site. The company owns WhatsApp, Messenger, and Instagram, three messaging apps with a combined user base of more than 2 billion people. These three apps are leaders in their respective markets and are eating up users’ time on mobile devices.
Facebook also owns Oculus VR, a leader in the virtual reality market. While VR is still in its early innings, Facebook is well positioned to benefit from the expected growth in the VR market.
Companies with a Great Culture
The most successful tech companies are usually the ones with the best company culture. Google, Facebook, and Apple are all great examples of this. They have fun work environments, offer great benefits, and employees are happy. People want to work for these companies because they know they will be taken care of. When you invest in a company, you want to make sure that the company has a good culture.
Google has been consistently voted as one of the best companies to work for, and it’s no surprise why. Not only does the company offer great benefits and pay, but it also has a fun and stimulating work environment. Google employees are given ample opportunity to grow and advance in their careers, and the company is always looking for new ways to make its employees happy. If you’re looking for a company with a great culture, Google is a great choice.
Apple
What makes Apple great isn’t just the products they make, but the culture they’ve built around their brand. This is a company that puts a premium on design and simplicity, and that shows in everything they do, from the way their stores are laid out to the user interface on their devices. They’re also a company that values customer loyalty, and they work hard to cultivate that loyalty with great customer service and regular updates to their products. If you’re looking for a tech company with a great culture, Apple is definitely one to consider.
Companies with Promising Futures
Technology is always changing and improving, making it one of the most promising industries to invest in. But with so many options, it can be difficult to know which tech companies are worth investing in. Here are a few companies that have promising futures and are worth considering investing in.
Tesla
Tesla is one of the most promising tech companies to invest in. They are revolutionizing the automotive industry with their cutting-edge electric cars. Tesla is also working on other cutting-edge technologies such as autonomous driving, renewable energy storage, and more. They have a strong brand and a loyal customer base.Tesla’s stock has been on a tear lately, but it is still not too late to get in on the action.
Snap
Snap Inc. is a company that specializes in camera products and services. Their primary product is Snapchat, a messaging app that allows users to share photos and videos with friends. The company also sells sunglasses with built-in cameras, and they are working on developing drones.
The company went public in March of 2017, and since then, their stock price has been volatile. However, many analysts believe that Snap has a promising future, thanks to the popularity of their products and the potential for continued growth.
In addition to their flagship product Snapchat, Snap also offers a number of other services including spectacles (sunglasses with built in cameras), drones, and more. These products give the company a diverse product line which will help them to continue growing in the future.
