Technology News, Tech Deals, Gadget Reviews
New legislation seeks to establish new U.S. law on Section 230 protections and platforms’ habit of preferring their own services, the types of moves that the EU has been making for years. The United States Capitol Building Jon Swartz for MarketWatch: On Thursday, Sen. Amy Klobuchar announced plans to introduce a bipartisan bill that would…
History will treat Monday and Tuesday as days the tech world, as well as Facebook and Twitch, would love to forget. Estimated reading time: 5 minutes Facebook’s Black Monday Monday was Black Monday for those who rely on Facebook, Instagram, and WhatsApp. All of these Facebook-owned properties went down for around eight hours, leaving many…
Read More “Facebook and Twitch: The week of tech outages and leaks” »
A bipartisan group of lawmakers in the U.S. House of Representatives introduced four antitrust bills on Friday aimed at reining in the power of the tech giants, with one potentially leading to their break-up. The United States Capitol Building Diane Bartz for Reuters: Two of the bills address the issue of giant companies, such as…
It’s been a while since we’ve written about one of the newest social networks on the internet, MeWe. The growth of MeWe started back when Google+ was being killed. At the time, millions of Google+ users were seeking other platforms to move to, and many of us landed on MeWe. Estimated reading time: 3 minutes…
Read More “MeWe growth continues, and the company appoints new CEO” »
As investors attempt to gauge the path of inflation, U.S. stocks climbed on Monday, with both the NASDAQ and S&P 500 rallying more than 1% as a pullback in U.S. Treasury yields helped lift stocks in sectors such as technology. Chuck Mikolajczak for Reuters: Inflation concerns cooled for the time being as investors may be…
Read More “Tech leads stock market higher as U.S. yields cool” »
The FAAMG stock complex [Facebook, Apple, Amazon, Microsoft and Google] has been one of the best investments of the past five years amid advances in technology that have powered massive bottom line gains for the Big Tech, but proposed U.S. tax hikes could harm that calculus. Brian Sozzi for Yahoo Finance: But the heady quarterly…
Read More “Goldman Sachs: U.S. tax hikes could hammer Apple, other ‘Big Tech’ stocks” »
The U.S. economy added 266,000 jobs in April, sharply missing economists’ expectations to mark the largest expectation gap in 23 years. The unemployment rate unexpectedly rose to 6.1%, about twice the level prior to the response to COVID-19, the Labor Department said in its monthly payroll report, released Friday morning. Economists’ consensus expectations via Refinitiv…
Read More “U.S. jobs report sharply misses expectations, unemployment rate rises to 6.1%” »
Big Tech – Apple, Alphabet, Amazon, Facebook, and Microsoft – all performed better over the past pandemic year than anyone dreamed. Last week, the five reported March-quarter earnings — the fourth full quarter since the COVID-19 lockdowns began early last year. All five beat Street expectations handily on both the top and bottom lines. As…
Read More “Big Tech had fantastic pandemics; here are 6 reasons why they’ll thrive even after” »
The four Big Tech members – Alphabet, Amazon, Apple, Facebook – received another tongue-lashing centered on antitrust concerns from Congressional members alarmed by the companies’ outsize market power. The United States Capitol Building Jon Swartz for MarketWatch: The House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law held the first in a planned series of…
Read More “U.S. House members assail Big Tech, consider changes to antitrust law” »
EU lawmakers have invited the CEOs of Apple, Amazon, Facebook, and Alphabet (Google) to a Big Tech hearing in Brussels on February 1st as they look to further regulate U.S. Big Tech. Foo Yun Chee for Reuters: The European Parliament will in the coming months provide input into proposals by the European Commission to force…
Read More “EU lawmakers want Apple, Amazon, Facebook, and Google CEOs at Feb. 1 Big Tech hearing” »
