Mark Cuban is best known as the billionaire owner of the Dallas Mavericks, a staple on Shark Tank, and – in some circles – an occasional commentator on bitcoin. “Watching the cryptos trade, it’s EXACTLY like the internet stock bubble. EXACTLY,” Cuban tweeted in January, on the heels of BTC’s jump above $40k. Many saw the thread as bearish on bitcoin, or even bitcoin-hostile. Cuban continued: Renowned bitcoin skeptic (and goldbug) Peter Schiff poured gasoline on the fire, replying,… Source link

Bloomberg Hedge-Fund Titans Lose Billions to Reddit Traders Running Amok (Bloomberg) — For once, Main Street is beating Wall Street.In a matter of weeks, two hedge-fund legends — Steve Cohen and Dan Sundheim — have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors. In Cohen’s case, he and Ken Griffin ended up rushing to the aid of a third, Gabe Plotkin, whose firm was getting beaten down.Driven by the frenzied trading… Source link

He said that during the inquiry, parties expressed concern about potential conflicts of interest from Google’s various roles in this industry. “This includes Google very often acting on behalf of both publishers and advertisers for the same ad sale across the ad tech supply chain, while also selling its own ad inventory,” Sims added. The commission had yet to form a view on whether Google’s conduct breached Australian competition law through a misuse of market power, the report said. A… Source link

CANBERRA, Australia — A lack of competition for Google and a lack of transparency in the digital advertising supply chain needed to be addressed because they were impacting publishers, advertisers and consumers, Australia’s competition watchdog said on Thursday. The Australian Competition and Consumer Commission released its interim report on its inquiry into the Google-dominated digital advertising services industry in Australia that is worth 3.4 billion Australian dollars… Source link

CANBERRA, Australia (AP) — A lack of competition for Google and a lack of transparency in the digital advertising supply chain needed to be addressed because they were impacting publishers, advertisers and consumers, Australia’s competition watchdog said on Thursday. The Australian Competition and Consumer Commission released its interim report on its inquiry into the Google-dominated digital advertising services industry in Australia that is worth 3.4 billion Australian dollars… Source link

(Bloomberg) — WallStreetBets, the internet forum fueling a frenzy of retail trading, briefly turned itself off to new users Wednesday after a deluge of new participants raised concerns about its ability to police content, a notice on the website said. The WallStreetBets home page was closed to all users for a little over an hour Wednesday evening in New York. A message on the site shortly after 6:30 p.m. in New York said it was experiencing technical difficulties due to a flood of new… Source link

SYDNEY (Reuters) – An Australian regulator is considering letting internet users choose what personal data companies like Google share with advertisers, as part of the country’s attempts to shatter the dominance of tech titans. The Australian Competition and Consumer Commission (ACCC) also proposed limiting the internet giants’ ability to access users’ online histories to cross-sell products. The proposals were part of the ACCC’s interim report into digital advertising in Australia, a… Source link

SYDNEY (Reuters) – An Australian regulator is considering letting internet users choose what personal data companies like Google share with advertisers, as part of the country’s attempts to shatter the dominance of tech titans. FILE PHOTO: Smartphone with google app icon is seen in front of the displayed Australian flag in this illustration taken, January 22, 2021. REUTERS/Dado Ruvic/Illustration/File Photo The Australian Competition and Consumer Commission (ACCC) also proposed limiting the… Source link

SYDNEY (Reuters) – Australia announced on Thursday it may let internet users choose which data they give to Big Tech companies like Google, limiting the internet giants’ ability to access users’ online histories to cross-sell products. FILE PHOTO: The logo of Google is seen on a building at la Defense business and financial district in Courbevoie near Paris, France, September 1, 2020. REUTERS/Charles Platiau The Australian Competition and Consumer Commission’s (ACCC) new proposals aim… Source link

SYDNEY (Reuters) – Australia announced on Thursday it may let internet users choose which data they give to Big Tech companies like Google, limiting the internet giants’ ability to access users’ online histories to cross-sell products. FILE PHOTO: The logo of Google is seen on a building at la Defense business and financial district in Courbevoie near Paris, France, September 1, 2020. REUTERS/Charles Platiau The Australian Competition and Consumer Commission’s (ACCC) new proposals aim… Source link