Tech Five: Amazon enters student loan business

Retailing titan Amazon is making a move into the student loan business. Meanwhile, we may finally be close to a deal on Yahoo.

Let’s look at tech stocks to watch Friday:

Amazon. The company is working with Wells Fargoon student loan discounts for subscribers of the Amazon Prime Student service. Students can try the service free for six months, then pay $49 a year.

Verizon. The telecommunications giant is close to a deal to acquire Yahoo, reports Bloomberg. The two companies could announce a deal in the coming days. Several companies have been reported to be bidders for Yahoo, including AT&T.

Facebook. The social network completed its first test flight of Aquila, an unmanned drone the company plans to use to beam access to the Internet to hard-to-reach areas of the world.

Pandora. Shares of the streaming music service fell after reported mixed second quarter results. Pandora beat expectations with a loss of 12 cents a share, but missed on revenue, reporting $343 million.

PayPal. Shares of the mobile payments company sunk after beating revenue forecasts for the second quarter. PayPal also met expectations on earnings at 36 cents a share. The company is also partnering with Visa to speed up the creation of safer digital payment methods for consumers and businesses.

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